tunnel through the air
i added arrows to help show the "tunnel through the air" that is responsible for the move lower.
a move below 404 would indicate lower prices. maybe around 370?
as i stated before. i do not think this is the one. i believe that will happen in q4. however some well respected traders like eliades (stockmarketcycles.com/) have noted that all long term projections have been met. there is no more upside projections at the moment. doesn't mean we cant go revisit or a double top. i highly suggest checking out his website. his work with hurst cycles is legendary. has videos on youtube too if you want to see how he does his hurst cycle projections. very very easy and yet so profound.
something else to note is that i believe agricultural commodities might be entering a long term cycle - 3 years to be more exact. buying the dip and selling the rip would be strongly suggested. or just sitting.... successful traders know money is made by sitting and not by trading....
a move below 404 would indicate lower prices. maybe around 370?
as i stated before. i do not think this is the one. i believe that will happen in q4. however some well respected traders like eliades (stockmarketcycles.com/) have noted that all long term projections have been met. there is no more upside projections at the moment. doesn't mean we cant go revisit or a double top. i highly suggest checking out his website. his work with hurst cycles is legendary. has videos on youtube too if you want to see how he does his hurst cycle projections. very very easy and yet so profound.
something else to note is that i believe agricultural commodities might be entering a long term cycle - 3 years to be more exact. buying the dip and selling the rip would be strongly suggested. or just sitting.... successful traders know money is made by sitting and not by trading....
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