Sive Morten
Special Consultant to the FPA
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Good morning,
1.2380-1.2530 is an area that contains a lot of weekly Fib extension targets, so it is meaningful support. Bullish wedge that is forming on 4-hour chart forces us to sit on the hand and wait:
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.
1.2380-1.2530 is an area that contains a lot of weekly Fib extension targets, so it is meaningful support. Bullish wedge that is forming on 4-hour chart forces us to sit on the hand and wait:
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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