Im very excited about this one.
Fundamentals:
Very political, I wont go into it here, have a read of the news. Hint... Solar energy, Electric cars, AI tech, Oil supply/demand and gov policy,
Technical:
50% retracement of the Jan 16' big sell off finished with a double top. Perfect to the pip.
The retracement completed the very beautiful 5 wave pattern in the 37173 formation.
the retracement took 184 days to cycle, vs a 92 day impulse. 50% again!.
Targets. 1.2500 initially, as the previous structural resistance and 1.0500 in the long run.
One could just sit on this all year and add a position on each cycle. I will be waiting for a confirmation retest before entering.
Fundamentals:
Very political, I wont go into it here, have a read of the news. Hint... Solar energy, Electric cars, AI tech, Oil supply/demand and gov policy,
Technical:
50% retracement of the Jan 16' big sell off finished with a double top. Perfect to the pip.
The retracement completed the very beautiful 5 wave pattern in the 37173 formation.
the retracement took 184 days to cycle, vs a 92 day impulse. 50% again!.
Targets. 1.2500 initially, as the previous structural resistance and 1.0500 in the long run.
One could just sit on this all year and add a position on each cycle. I will be waiting for a confirmation retest before entering.
Nota
And I'm in at 13125Nota
And thar she blows!!, I was a bit early getting in here, but the retest has come and she is off like a rocket!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.