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meszaros
Feb 28, 2020 4:55 PM

SPX500USD Accumulation Range. 

US SPX 500OANDA

Description

SPX500USD Accumulation Range. In the coming days, I expect a little calming down, which is confirmed by the technical picture. The exchange rate may begin to build up an accumulation band. I note that we are also inside a fractal copy. The previous fractal also produced new falls from the accumulator bands. In my opinion, this will continue to be the case. I expect a double downward wave system, which can build up an accumulation band. So I only take short positions from the top of the bar. The second falling wave target price is 2563usd.
Comments
Captain_Walker
FED rate cut in March at 100% probability is likely to push markets back up a bit. It will fail tough. Why? The FED is not more powerful than a VIRUS!
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