Sive Morten
Special Consultant to the FPA
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Good morning,
Market has potentially solid bearish pattern on weekly time frame and it has chances to start at coming week.
So, on daily and lower time frames we have to be ready for potential deep retracement. But anyway - it has start by some solid bearish pattern. Until it will not appear - market will probably continue move up:
The technical portion of Sive's analysis owes a great deal to Joe DiNapoli's methods, and uses a number of Joe's proprietary indicators. Please note that Sive's analysis is his own view of the market and is not endorsed by Joe DiNapoli or any related companies.
Market has potentially solid bearish pattern on weekly time frame and it has chances to start at coming week.
So, on daily and lower time frames we have to be ready for potential deep retracement. But anyway - it has start by some solid bearish pattern. Until it will not appear - market will probably continue move up:
The technical portion of Sive's analysis owes a great deal to Joe DiNapoli's methods, and uses a number of Joe's proprietary indicators. Please note that Sive's analysis is his own view of the market and is not endorsed by Joe DiNapoli or any related companies.
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