A good time for an update to the chart here; after the descending wedge in the 5th wave we have begun a volatility expansion process. We are first going to track the 'B' leg; ideally markets will look for a retrace back towards 1.14xx in order for smart money to load for the 'C' leg before ending the larger wave II of the entire leg from early 2018.
I will be looking to add short-exposure at 1.14xx handle; if we break the current lows it will start to imply we are already in an impulsive decline and call for a reassessment in outlooks.
Both sides are tradable, best of luck those betting against the ECB.
I will be looking to add short-exposure at 1.14xx handle; if we break the current lows it will start to imply we are already in an impulsive decline and call for a reassessment in outlooks.
Both sides are tradable, best of luck those betting against the ECB.
