The blue upward fork is a wide expectation, but the market appears to be following the harmonic proportions withing the fork. The dashed lines indicate +/- 50%. In the past I examined the possibilities of using Fibonacci ratios, but the method is not really that accurate. Even the forks require some adjustment now and then but the general limits of the trend are usually pretty accurate
Even the limits of this yellow channel are being pushed. The stochastic also indicate that this move it beyond the norm. |
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