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Hello traders,
Before making a technical prediction it is necessary to take on account the Fundamental situation.
There are 2 Fundamental factors which have deep impact on the chart figures:
Possible interest rate hike of Fed and
ECB bond buying program
While the second is already announced the first is greatly expected.
We can see on the Daily chart that there is a formation very similar to triple top before the great fall started:
If we look at the present formation of the channel down and the…
Before making a technical prediction it is necessary to take on account the Fundamental situation.
There are 2 Fundamental factors which have deep impact on the chart figures:
Possible interest rate hike of Fed and
ECB bond buying program
While the second is already announced the first is greatly expected.
We can see on the Daily chart that there is a formation very similar to triple top before the great fall started:
If we look at the present formation of the channel down and the…