DX

A bullish explanation on this frame of daily chart :

On the impulsive five-wave sequence up, as the ongoing wave (3), it appears its fifth wave could have extended. A common Fibo-expansion target for the extreme of extended fifth wave could be around the 97.22 where the wave 5’s length is related by the Fibonacci ratio of 1.618 to the length of wave 1 through wave 3 .

DX - Daily

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s