The start of a Gartley Pattern possible, the next move could be a retracement to the .886 Fib Level to complete pattern. Look for either the drop (which could retrace past previous low) OR another impulse wave to trend up. However the evidence Is indicative for the former than the latter, use previous year’s December time ratios/zones as example.
Consistent major drop in PIPS possibly influenced by the media/banking however they are consistent over short month-month spans. With little to short term resistance and some support there’s a noticeable downtrend in the market right now, however the last few recent months have been volatile allowing for some Swing traders to capitalize on. Potential for a...
Price is coming to the resistance zone and also a high FIB level, looking for a price reversal. Noticed there were two large drops previously in the market, potential for a third to capitalize on a take profit. If not set stop losses at a high of 1.00010.
