RizeSenpai

Chinese Yuan Price Action Setting Up For a Potential Collapse

Viés de baixa
RizeSenpai Atualizado   
FX_IDC:CNYUSD   CHINESE YUAN / U.S. DOLLAR
We have a huge Void below us and the Yuan has Rallied away from this Void before, but it appears to now be making a Lower High with Hidden Bearish Divergence on Both the RSI and MACD; If the Yuan Breaks Below the B point of this Potential Crab BAMM which also happens to be The Confirmation Line of what would then also be a 3 Falling Peaks Pattern, we will very likely then see Downwards Acceleration Towards the 1.618 Fibonacci Extension Below to Complete the Harmonic Pattern
Trade ativo:
The CNY has continued to follow the projection down and has recently broken below the B point and back-tested it as resistance thereby also confirming the Confirmation Line of the 3 Falling Peaks. I now expect the downward action to accelerate towards the 1.618 Target.

Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.