This is an example of looking at a market from multiple angles.
And it is important to do so, also.
In this market analysis, I used Trendlines with specific tool Fibonacci Channels, Andrew Pitchfork.
There are a few common indicators used e.g. Stochastic, MACD, CMF etc. What is of importance is adding in the Timeline cycles.
From the above, we can make a projection of the market to future possible scenarios. And in this example, it is deduced that this market will continue to be bearish till May 2025.
And it is important to do so, also.
In this market analysis, I used Trendlines with specific tool Fibonacci Channels, Andrew Pitchfork.
There are a few common indicators used e.g. Stochastic, MACD, CMF etc. What is of importance is adding in the Timeline cycles.
From the above, we can make a projection of the market to future possible scenarios. And in this example, it is deduced that this market will continue to be bearish till May 2025.