The price is edging up. If you look closely, you will see an Elliot 5 Wave impulse. If you know about fractals, you should have that in your trading arsenal because the Elliot Wave principle is a natural, sensational and accurate tool in 'forecasting' price action.
The waves move in harmony according to the Fibonacci patterns and spirals. The Fibonacci is the...
The trend is moving up and the commodities are currently ready to move up again.
The trends are parts of a cycle, a cycle is a circle. The most important idea is to have the essential information that lets you stay ahead of the curve and make a trade in the right direction. In this currency pair, we want to ride the fundamental underlying currency trend and find...
The price was broken at the the trend line. The break of the trend signals a downward movement this will be confirmed by a momentum candle to the downside
The candle was tested and rejected.
The lower-end of the trend line is the current price area of dominance.
Looking at the 30 years. There seems to be a lot of movement on the bond market that the financial media has been totally ignoring!
The bond yields reached a high of 3.46 November 2 2018!
These heights were broken when the price broke and Closed below the 3.4 level
The current yield is showing an uptrend. The uptrend is an extension of the Fibonacci area.
The symmetrical triangle chart pattern is a continuation pattern. The inclination is to continue in the Up Trend that price is already exhibiting.
More opportunities will be afforded in the direction of the trend
The highlighted area shows the place where price is likely to bounce. The Trend remains UP as long at it's not broken.
The buy zone is a break of the 33 level with clear momentum candles. A momentum candle is a full-bodied candle that shows power, magnitude and growth. This trade is purely based on technical aspects coupled with clearly reading the tape. Tape...