Hey folks!
And... No, this is not a joke.
Here´s my USDSEK chart which I did for fun, I hope you can learn or gain something from it.
This Monthly chart is giving me THREE reasons to believe theres a good probability USDSEK will reach stated TARGET, as long as we stay above current Black Support Line.
The Three Reasons:
1: Orange --- Overhead Resistance has been broken and support on it has been established. When this happened in the past, USDSEK made it´s way back to the top of the channel.
2: Purple --- Where is the 5th Wave?
Waves is only showing me 4 waves done, now, as for myself I´m used to something finishing with either 3 or 5 Waves and therfore The Bearish Three Drive looks promising.
3: Blue/Red --- Simple Support/Resistance Analyzes showing us how the price reacted at important locations and what it led to.
Feel free to express your thoughts..
I warmly welcome your comments and criticism, I hope I can learn something from you too!
And... No, this is not a joke.
Here´s my USDSEK chart which I did for fun, I hope you can learn or gain something from it.
This Monthly chart is giving me THREE reasons to believe theres a good probability USDSEK will reach stated TARGET, as long as we stay above current Black Support Line.
The Three Reasons:
1: Orange --- Overhead Resistance has been broken and support on it has been established. When this happened in the past, USDSEK made it´s way back to the top of the channel.
2: Purple --- Where is the 5th Wave?
Waves is only showing me 4 waves done, now, as for myself I´m used to something finishing with either 3 or 5 Waves and therfore The Bearish Three Drive looks promising.
3: Blue/Red --- Simple Support/Resistance Analyzes showing us how the price reacted at important locations and what it led to.
Feel free to express your thoughts..
I warmly welcome your comments and criticism, I hope I can learn something from you too!
Comment:
I Expect Target to be reached 2020-2022
Comment:
Possible Cup and Handle, (Blue Figure) Also giving us a target around 12.5
