!Monthly chart! (1/4)
1. Trend is bearish;
2. AB=CD pattern completed;
3. Oversold;
4. Butterfly pattern completed 3months ago;
5. 1.18 area as a tactical retracement in a Bear Trend is the target.
6. Long-term target still at parity.
1. Trend is bearish;
2. AB=CD pattern completed;
3. Oversold;
4. Butterfly pattern completed 3months ago;
5. 1.18 area as a tactical retracement in a Bear Trend is the target.
6. Long-term target still at parity.
I am a financial market analyst based in Porto, Portugal. I provide market forecasts to a group of professional traders, playing a crucial role in assisting them in making well-informed decisions in the financial markets.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I am a financial market analyst based in Porto, Portugal. I provide market forecasts to a group of professional traders, playing a crucial role in assisting them in making well-informed decisions in the financial markets.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.