meszaros

NEOUSD before the 32% decline....

Short
The similarity of the fractal sequences in the analysis is given by the same percentage of the initial rise. Although I have written about this many times, I repeat that comparing the percentage is because the vertical scale is logarithmic. So the rule is to measure the percentage of displacements. For linear scale division, vertical measurement is done with points. But back to the analysis. My assumption is that a similar fractal structure can be formed as the first fractal. Therefore, the exchange rate target price is US $ 7.59.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.