BIG trend broken, very strong confluence
Im very excited about this one.
Fundamentals:
Very political, I wont go into it here, have a read of the news. Hint... Solar energy, Electric cars, AI tech, Oil supply/demand and gov policy,
Technical:
50% retracement of the Jan 16' big sell off finished with a double top. Perfect to the pip.
The retracement completed the very beautiful 5 wave pattern in the 37173 formation.
the retracement took 184 days to cycle, vs a 92 day impulse. 50% again!.
Targets. 1.2500 initially, as the previous structural resistance and 1.0500 in the long run.
One could just sit on this all year and add a position on each cycle. I will be waiting for a confirmation retest before entering.
Fundamentals:
Very political, I wont go into it here, have a read of the news. Hint... Solar energy, Electric cars, AI tech, Oil supply/demand and gov policy,
Technical:
50% retracement of the Jan 16' big sell off finished with a double top. Perfect to the pip.
The retracement completed the very beautiful 5 wave pattern in the 37173 formation.
the retracement took 184 days to cycle, vs a 92 day impulse. 50% again!.
Targets. 1.2500 initially, as the previous structural resistance and 1.0500 in the long run.
One could just sit on this all year and add a position on each cycle. I will be waiting for a confirmation retest before entering.
Comment:
And I'm in at 13125
Comment:
And thar she blows!!, I was a bit early getting in here, but the retest has come and she is off like a rocket!