The pair had a bullish week at moment on the way to Major RES.zone which rejected bulls more than 4 times. Pitchfork-Fibo Sup.Res. lev. 95.500 / 96.500 as a crucial point. If we get the 5 attempt at cracking this Crucial Point, a big move to the upside for new higher. 1 Correction and counter-trend bounce. 2 breakout for new high 3 bearish abcd pattern sell...
Right now, it is in the process of Wave C of ZIG ZAG correction and it may end near 500 levels.
I believe the direction is now clear
Here's a look at a "mega" weekly pitchfork and major price pivots. The way I drew it, price has recently reacted to the median line, with highs reaching just above the 0.625 pitchfork level (each line is a 0.125 increment of a pitchfork). Of course, this isn't really a valid pitchfork, since prices have never reached the 1.0 level in the first place to create...
Just a bit of traditional trading here. Strategy is a simple CCI Correction with a multicolored predictive EMA I've been writing. Weekly CCI has surged above +100 signaling the start of a bullish trend. As long as price action stays above the signal line I will be looking for entries where Daily CCI marks the reversal points of smaller counter trends.
Entry at 124.681 Stops at 126.047, just above X Target at 123.138, just above the 38.2 of CD and just on the minor S/R at blue trend line (left) Invalid from 120.370 Stoch is indicating Extremely overbought, so wouldn't be surprised to see a bit of a correction to the 122.3s before continuing back up to Point D, resulting in another potential correction to the 38.2