As we can see from the chart, The long bullish trend seems to be at an end, There are today political difference between the US and Euro markets to do with Taxes on lobsters of all things, but either way the instability has reared its head. Just when things were settling down somewhat, it seems we now have the possibility of a US-EU trade war $DAX $SPY Good...
As we can see from the chart, a very neat and tidy S&R Model here. The resistance line also conveniently sits at the 100.0 fib retracement so if it is properly broken there is potenital for 2900 pips til the next level @ 161.8 alternatively if the restistance proves too much we have a strong support line to watch out for. judging by the depth of market this would...
After watching it stall out at the 50.0 retracement line for three days and a confirmed breakthrough today, there is a considerable distance to go with this one. It is already on its way, but a Short time frame entrypoint will make all of the difference here. Looking at a 3 or 4:1RRR on this with no problems. Good luck and Please let me know any thoughts. ( Just...