can continue to rise. The purpose of my current analysis is to point out a common rule. My previous analysis ( DVN
chart) showed how fractals develop between two extremes (MA). Now I want to show how ATR develops around closing values. Let's see the SPX500USD
chart. Visible 8.78% wave sequence. Can be seen in white rectangles with response correction. The size of the response corrections shows that they are constantly halved. So we have a 3x 8.78% uptrend and so far we are expecting a 3x half correction. We already have 2 adjustments. Now the third one has come. The assumption is that if we have 3x equal rising wave sequences, the answers given are half correction waves, then we are still expecting a half correction. I hope this was understandable. If my assumption is correct, then the downward movement is (for the time being) over. The exchange rate is turning northwards from 3235usd.