overall perspective, big downtrend
rising wedge which broke to the downside
closed below MajorQP, i see it completing the 500pip QP range at 65, 2010 low
a break below 65 would open more dowsnide to complte 1000pip range, 2008 low
Testing out this Supply and Demand style of analysis
So AXY should be Bullish according to S&D
(I'm new to this so please bare with me)
Anybody willing and able to give me pointers and advise is welcome
Update chart 12/2018
* Count wave by Symmetry's waves rule.
* Targets are calculated by Elliot's wave rule.
* Reversal zone is 120%-161.8% Fibo Extension of the Current magnitude (stop loss).
* Swing zone is copied from the previous Magnitude.
To illustrate today's analysis, I propose a model of statistical discrepancy on currencies, in order to justify who is the real leader of the financial markets, which seem to accuse a global pre-slowdown of the financial markets. So I gathered a basket of generally aggressive currencies to which I oppose them to a basket of defensive currencies; After algebraic...