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EURPLN next sell-off coming - S&P cuts rating on Poland's
Gartley drawn in a best outcome scenario. 618 C was held so that makes me think we will have a reversal. PRZ is not that narrow and since its a Gartley pattern we shall be looking for the AB=CD to complete. Stop losses a few pips after the X, TG1 and TG2 are on fib levels and in the best case scenario we will have a trade with around 4:1 RR. Just stare at the...
The stars are aligning for a pretty serious pullback in the US Equities Market. The chart uses my two favorite indicators; RSI and MACD. I've gone through and marked historical correlations on the chart for prior crashes for both indicators. RSI going above 70; signals overvalued RSI going below 30; signals underbought MACD Converging (Red) MACD Diverging...