A good time for a chart update here after the impulsive wedge break. After cracking through resistance, moving averages and everything else inbetween we are starting to reach the first target at 1.142x for the ABC sequence. From a technical perspective, those with a background in waves will know a rally through these levels will officially define the move as impulsive and unlock the 3rd wave target in the sequence at 1.157x.
Invalidation for these trades are all based on the market holding the current price above 1.132x which was the price resistance. To put simply, simple targets at 1.142 with extensions at 1.157x and re-assessments necessary below 1.132x.
Best of luck all and well done those already holding positions from last month, we successfully outguess the dovish ECB and Fed combo.
Invalidation for these trades are all based on the market holding the current price above 1.132x which was the price resistance. To put simply, simple targets at 1.142 with extensions at 1.157x and re-assessments necessary below 1.132x.
Best of luck all and well done those already holding positions from last month, we successfully outguess the dovish ECB and Fed combo.
