The current movement of the exchange rate is the construction of a sideways 0.5X fractal. In my analysis, it can be seen that the two preceding fractals, which I labeled as 1X fractal, are supposed to repeat. Due to the repetition of the size of 0.5X, the connecting wave sequence (white line) may be halved. Therefore, the target price can be around 1558 usd.
The gold W1 graph shows clearly identifiable fractal motions. Analysis assumes that Target Level 1 1850 usd may be within the foreseeable future. In the event that the fractal continues to build, there may be a significant correction. Target level 2 can be around 3165 usd.
Based on the analysis it can be seen that the rising movement of the exchange rate is accompanied by rising ATR axes. This implies a further rising wave structure. You can see a fractal in the lower wave structure. I assume this will happen again. In the event of a second wave of the dual-wave system, the target price may be 1594usd.
Confirming the previous analysis, I am trying to approach the next target price with a fractal theory. This level is 1576usd. I still maintain that I am not expecting an adjustment from the 1500 usd level.
We are looking for price to push in to our support area and then fly off to the moon with the bulls ( even though nothing has ever gone to the moon... all these moon landings are filmed in Hollywood ) :p But i guess that is just another case of people believing what they are told instead of believing something when they actually see it.
The same goes for the...
This is our £100-£20,000 challenge results so far and as you can see we have been flying this week returning 52% of the initial starting balance ( £100 )
If you want to check this out for yourself we can provide proof of results.
It is not too late to get involved either, just message me if you are interested.