BOH has been in a downtrend for 2 months since the very beginning of the small bank crisis all
precipitated by the fed and its rate hikes confounding the value of bonds with fixed yields.
As can be seen on the 4H chart, price was in consolidation in January and February but the
dropped out of the supply / resistance zone which is quite thick by the Luxalgo...
ERX is a leveraged ETF tracking the energy sector. On the 4H chart it has been in a downtrend
since mid-March. IT dropped to the bottom of the high volume area on the long term profile
as well as the lowermost VWAP band. Firday May 12th marked the reversal with buying volume
replacing selling volume and then a significant rise in price in the past week.
...
We can clearly see 5 waves up so now we have to see definitely a correction ABC! We know for sure that we are in a bear market from now on the question is how long that will last we may even retrace all 5 waves at some point of the trend depends how the market moves.I'm Trying to create an youtube channel! I`m working only with Elliott Wave so if you want you see...
An intraday high potential, Back Tested Long Analysis.
We ll try to find an entry price within the expected pull back zone 79.53 - 80.66 as previously being back tested.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study,...
