DislikedYep ..daily is bearish divergence. This is suggesting me that it shall retrace up a bit (based on 4 hr bullish divergence) before a massive dive downIgnored
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DislikedYep ..daily is bearish divergence. This is suggesting me that it shall retrace up a bit (based on 4 hr bullish divergence) before a massive dive downIgnored
Dislikedall the analysis i've heard and read so far are prediction the 90s area for UJ. however, i believe that 101.60 - 101.20 are a bit impossible to breach at the moment. now if a fall really happens, i think it should be limited to this month ONLY. take a look at this monthly chart for UJ, the chart after that is a zoom in. there is also a fibo fan support for the current price, price breached in march and closed on top of it on april, and now the price kissed it last week.
i believe in fibo fans, especially on BIG timeframes.
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DislikedPandora, the only problem with that is the wave 1 oscilator is greater than any peaks of the wave 3 oscilator, which wave 3 must be greatest of the readings, This suggest a ABC W4 of larger trend driving north. Further suggesting your w4 is a w1 and we are working w2 retrace maybeIgnored
Disliked20% I'm agree with your opinion. However if we see wave 3, there are 3 peaks cycle and if we combine all the 3 peaks cycle it will bigger then wave 1. Thanks for the opinion and maybe I'm wrong.
p/s: GJ drop from 201.10 to 200.70Ignored