Finished off an impulse that was profitable, and now doing a Wave A by the looks of it. This pair should drop even more, looking at Fibonacci, so don't hold your breath. I always say this, and I will say it again, nothing I say is financial advice. Think for yourselves! Fibonacci goals in green or purple, invalidation is in red. Fractals never lie and Fibonacci...
Suspecting a pivot here, and awaiting 100% confirmation virtually. Post confirmation I am even more confident to call this thing going South. Preliminarily bearish. Goals are in purple, invalidation in red. And ofcourse, as always, do not take anything I say, including this update, as financial advice. I may be scoring 70-75% success on my predictions, but this...
I found this pattern at tickeron website with the following data:
STATUS = Confirmed
CURRENT CONFIDENCE = 64%
TARGET (EXIT) PRICE = 7.499035 CNY
BREAKOUT (ENTRY) PRICE = 7.441178 CNY
DISTANCE TO TARGET PRICE = 0.32% (236.4 pips)
EMERGED ON Jul 20, 08:00 PM (UTC)
CONFIRMED ON Jul 21, 03:06 AM (UTC)
WITH CONFIDENCE LEVEL = 70%
The Three Rising Valleys pattern forms...
