Key resistance at 25.000
In the longterm I see some big downside momentum coming in the stock market!
Double Fib setup perfectly matches the key levels shown in the analyse.
Waiting for confirmation hopefully next week to enter short!
S&P looks pretty similar right now.
I think, the figure of the head and shoulders is formed.
The level of the neck around the price of 109.500, I will wait for a breakdown.
1) Entrance to the neck breakdown
2) Entrance on rollback to the pierced neck.
This is a weekly chart back to 1995. As we can see, since 2012, the swings are getting smaller and smaller. This year, USDJPY is on a crossroad.
Will USDJPY go up or down? It is very likely that it continues sideways after breaking the lower trend line of the triangle, as it fluctuates around the 112.55 level. When trading this currency pair, we have to be...