I expect the continuation of the fifth wave.
Believe me not, believe what the chart shows. The FXY is at it's lowest level since 2007 and I believe it will rally soon.
Just trying to see the big correlation picture, and the relationships changed March 2nd.
The whole world knows what BOJ did last Friday with their own set of QE, but i doubt you know that Aber is an expert in TA especially channel, H&S and divergence :-) That QE move is served to quicken the fall of Yen towards the downtrend channel bottom so that we have a price making lower low, but MACD & RSI are making lower high by the time Yen reach about 82-83...
BoJ has been very effective weakening Yen. This technicals & Fundamentals tell us we might re-test $80 again. 7.3% decrease!! Currency traders prepare!
Keltner Channel - free indicator. Accelaration Band - Proprietary Indicator (some package deal available) We have it free, Thanks to LB Measures the same thing. Nothing fancy here bigtrends.com. Strategy is interesting. the only difference is, KC gives some freedom, AB does not, lol. KC is plotted using true range, AB is plotted using one candle.
Boundary of the Cloud was too strong resistance.
The stop can be placed very close. This could be the start of a global correction.
long the etf and selling sept 97$ calls @ 2.15$
You know what this means for stocks e?
looking to be oversold with rsi div, will go long if today's candle breaks to the upside