There you go folks. We all knew it had to come back at some stage! My chart the last few days called for a potential reversal at 9800 (one of a few key levels). Now we know where it turned (one peg in the ground). The next key thing that I see which needs to play out is whether this wave is Wave 2 of an impulse up or Wave E of a Triangle Wave. Let me explain. ...
It seems that as some other players in the Lodgement / Hospitality industry, ACCOR is not immune to market sentiment and investor scrutiny... where currently a LONG position with a reasonable entry is a good trade, but only until what seems to be a completion of a triangle wave E, where if my analysis is correct, there should be a massive SHORT opportunity to...
Hi All, I'm working through all the USD pairs and I have also spotted yet another fall from USD similar to a post I shared with DXY and EUR/USD. I have 2 counts in my head with this being my primary: 1. 5 wave Impulse down from the top for a wave 1 or A 2. Corrective wave 2 or B which has a ZZ shape but with an ending diagonal wave C 3. Of the C wave, wave 4...
Our last post highlighted the idea that Wave (E) may not have been completed (see related link) and it appears that alternative has come to fruition. We were expecting a move down to the 61.8% fib ratio of Wave (C) but we have moved well past that. The next target would be $613.58 which we may have just hit (or almost hit) while I am typing this. This would...
As of my last post, numerous signs pointed to Wave (E) being complete. With this morning's move down, it re-opens the idea that Wave (E) is not complete (although it still could). If Wave (E) is not complete then we have a good target for when it may complete. The price target would be $630.09 which is the 61.8% fib ratio of Wave (C). Typically Wave (E) will...