The count is evolving into a more complex and time-consuming corrective cycle in wave -ii-. The preferred labeling is suggesting an uncompleted irregular flat correction as the unfolding pattern in wave -ii-. The current labeling suggests more impulsive wave progression to come shortly, but the key to the upside levels is the wave (i) high at the level of 123.84....
The sideways trending market is now more evident as no breakout was attempted since Friday last week. The growing bullish divergence between the price and momentum oscillator indicates a stronger bounce towards the 50%Fibo at the level of 1.3390. Nevertheless, the most important zone for bulls is the gray rectangular area between the levels of 1.3437 - 1.3460....
The AUD/JPY pair has dropped and reached our profit target perfectly once again. Currently we are looking for buying opportunities above strong support at 85.07 (Fibonacci retracement, horizontal overlap support, bullish candlestick reversal) for a push up to 85.91. Stochastic (21,5,3) is approaching support at 10%. Buy above 85.07. Set stop loss at 84.76 and take...
The NZD/USD pair is approaching major resistance at 0.7044 (Fibonacci retracement, Fibonacci projection, horizontal overlap resistance) and we expect that the price will drop from this level towards 0.6951 support (Fibonacci retracement, horizontal support). Stochastic (21,5,3) is seeing resistance at 93%. Sell below 0.7044. Set top loss at 0.7089 and take profit...
We remain bearish below major resistance at $1,183 (Fibonacci retracement, Fibonacci projection, horizontal overlap resistance). The price can decline further to the support at $1,160 (Fibonacci retracement, horizontal overlap support). Stochastic (34,5,3) continues to drop from our 88% resistance and has good downside potential. Sell below $1,183. Set stop loss...
The AUD/USD pair is testing major resistance at 0.7380 (Fibonacci retracement, Fibonacci projection, horizontal pullback resistance) and we expect the price to drop from this level to at least 0.7245 (Fibonacci retracement, horizontal pullback support). Stochastic (34,5,3) is also showing major resistance at the 93% level. Sell below 0.7380. Set stop loss at...
I am not a liberator. Liberators do not exist. The people liberate themselves.
I knew that the moment the great governing spirit strikes the blow to divide all humanity into just two opposing factions, I would be on the side of the common people.
We cannot be sure of having something to live for unless we are willing to die for it.
Where a government has come into power through some form of popular vote, fraudulent or not, and maintains at least an
It is better to die standing than to live on your knees.
It is not a matter of wishing success to the victim of aggression, but of sharing his fate; one must accompany him to his death or to victory.
It's a sad thing not to have friends, but it is even sadder not to have enemies.
If you tremble with indignation at every injustice, then you are a comrade of mine.
“Many will call me an adventurer, and that I am...only one of a different sort: one who risks his skin to prove his truths.”
But wait Trend Line Break!!! I am one of those people who believes that the solution to the world's problems is to be found behind the Iron Curtain.