BREXIT volatility may be a wild ride, however it has unfolded technically perfect.
To fully appreciate this you should take a quick look at this chart first.
This shows a perfect ellipse pattern we had been following the recent USD moves with and you can see it followed along nicely.
Originally published Aug 1st, this updated chart zooms in a little closer to look at potential pullback possibilities.
Yellow boxes represent a = c.
Grey extension target is c = 1.618 of wave a. This ratio has been chosen because inside the first wave a, wave c of that structure is 1.618 of a. Fractal market theory suggests we could see this again, at a larger...