Now that our trade is in, we can look at longer term forecasting.
In this case I'm using the Neowave concepts to expand what I obtained from time at mode.
It appears to be a contracting triangle structure, which suggests we might be completing a larger structure in the monthly chart, which is also a contracting triangle.
The resolution would be a massive thrust to the downside, so, technically, our short entry, currently risk free, should get us into this monster downtrend if we are patient enough.
Regards,
Ivan Labrie,
Time at Mode FX
In this case I'm using the Neowave concepts to expand what I obtained from time at mode.
It appears to be a contracting triangle structure, which suggests we might be completing a larger structure in the monthly chart, which is also a contracting triangle.
The resolution would be a massive thrust to the downside, so, technically, our short entry, currently risk free, should get us into this monster downtrend if we are patient enough.
Regards,
Ivan Labrie,
Time at Mode FX
Commento:
Following the forecasted path to the pip.
Commento:
Final wave e of e of huge monthly triangle is done. I believe we will see a huge selloff asap.
Commento:
Huge selloff en route.
