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broke down from the trend that most would draw and assume a retracement or even bear however, even with a lower break out of the fib channel it will still be within a setup for a megaphone bull break out. Elliott wave analysis of the megaphone happened to be aligned with a 50% retracement of the December run at the end of wave 4 though this wave passes through the ...
Following recent fears generated largely from Trump's impeachment hypothesis, as we can see from the chart a megaphone structure was formed on this cross, probably indicates an excess of market. We believe, however, that we will have a bullish trend so we are willing to buy, ready to turn in case of breakout below 110 level. Keep track of the levels marked on the ...