An interesting phenomena should interest CPO traders when Full moon in yellow provides more a buy opportunity and New moon in blue selling . Eyeball the historical event and you should see a high percentage of it happening +-1 to 2 days to the moon phase. One can work on the shorter time frame to get into trades using ones own methodology. Traders who are...
Interestingly a 0.786 wave relation provided another 500+ points rally and falling into a static cycle low with divergences and approach to wave 4 of a lesser degree should grab some attention. 3 years cycle into 2023 still looks quite alive and kicking...don't you think??
The first confluence at 4500 did not materialize after about a 500 point rally. We are at another confluence and at a seasonal low zone.....What are the odds???
After losing 38% of its value from the top and a wave relationship of 1.618 in wave c to wave a at a 38.2% mark in the presence of a divergence. One has to take a closer look!
Following up on the resistance at the upper channel- interestingly, a golden ratio objective appears to cause resistance. Are we at a crossroad???
Upper Parallel Channel displaying resistance from a post triangle thrust lasting 3 years achieving 279% gain larger than '03-'08 bull run of 262%. With a probable 3 year cycle high looming in 2023 , it should draw close attention to market intention amidst the inflationary environment and risks in rising rates.