Butterfly harmonic pattern will likely take place here IMO and we have a ways to go down before I would buy again.
If they try that brings us above trend, they will need to revamp QE to save this market from a recession or possible collapse. The bonds have run lately, my thesis is they will go ahead and say the market has hiked rates for them and meanwhile keep the QE pump going to subdue the bond yields from spiking any higher. If this starts to happen it could freeze the...
The pattern hasn't confirmed yet but it looks likely after touching a strong support level, I put a small amount in at around 1.29 USD.