We are in a period of remarkable similarity to June 2015

OANDA:US30USD   US Wall St 30
The green period sets the tone for the next few periods. A sharp drop characterized by an immediate and sudden bounce higher ending with concave summit.

The red period sets the tone for a small retracement but then another leg up. This period ends with a high degree of consolidation and relative quiet.

The blue period is where we are now and the sequence of events is very similar to June 2015. This period is characterised by further consolidation but with a bearish bias... as we have see so far this month. The MACD also demonstrates the similarity with both periods signalling falling and increasing momentum.

If this pattern continues plays out, there may another small increase in the price however it will be following with a very drastic fall.... possibly even harder than in 2015. By my estimation this playbook will take another month or two to complete.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out