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DailyFX.com - The Elliott Wave forecast for crude oil prices show a mature up trend and that a significant portion of the previous two year up trend.
The pattern is called an ending diagonal or wedge, and is formed because the highs at points '1' and '3' are sold aggressively, causing price to reverse and creating the wedge shape.
Ending Diagonal Pattern? Market Overview . A week ago Friday, SPX completed a short-term base, and last Monday the uptrend from 2346 resumed with a 35-point bang!
EURUSD likely completed an ending diagonal pattern last week near 1.1631. The short-term trend now points downward. The next downside targets are 1.1065, and possibly 1.0733. Starting from the May ...
DailyFX.com - The current Elliott Wave for US Dollar Index appears to be a terminal wave. We are anticipating a US Dollar reversal below 96.03. .
Article Summary: Diagonal patterns are simple technical patterns that offer tight zones of entry and exit. Many times, the risk-to-reward ratio of the diagonal pattern will better than the 1-to-2 ...
Stocks Analysis by Gregor Horvat covering: DAX. Read Gregor Horvat's latest article on Investing.com ...
Since the January 2015 Swiss National Bank de-peg, the Swiss Franc has gone largely unnoticed by many traders. After having several months to more freely float, the patterns are becoming ...
DOW Ending Diagonal Pattern, Stock Market to Head Sharply Lower Stock-Markets / Stock Markets 2012 Mar 03, 2012 - 01:57 PM GMT. By: Dan_Stinson. DOW Short Term Forecast Update.
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