This brief projection is based on a full study of the current Intermediate Wave 1 I am tracking for the S&P 500 index. We will see upward movement to begin the week with a top in the afternoon on July 2, 2019. We will likely drop 5-10 points into the close on this day. The light blue numbers with parentheses around them represent each wave's end point for the...
Hello Traders, Price action is not much interesting on this pair, Still moving on sideways only. As per wave analysis corrective B wave not yet complete, One more leg downside is possible upto 1.1175 to 1.1160 support zone. Fed meeting also quite interesting factor,we will check out the technical's to work or not.
HELLO TRADERS, Last Week GBPUSD fell below our support level of 1.2605, Price action showing more downside on Pound. As per my Wave Analysis GBPUSD trading on Corrective ABC pattern on short term. Ahead of FED meeting pound fell to 1.2530 level to finish this wave B of this corrective structure.
Hi Guys, at its meeting of the 1st of August (X) the FED did not increase interest rates but its accompanying statements in the following 16 days became more and more hawkish and value dropped to 1160 (A). Price bounced and, following the release of the FED Minutes, it formed a ZigZag to test resistence (B). What happened next is a combined horizontal pattern...