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· As noted above, the five wave rally was: 2619-2574-2672-2650-2672. There was a weak 5th wave, so support could be between the wave 1 high and wave 2 low (2574-2619). The fibonacci support levels did not hold during Friday’s selloff: 2599, 2613, and 2627, as the SPX dropped down to 2584 before rebounding some into the close.
Home » Our Free Trading Patterns.. Like the Slingshot strategy, traders want to go into the release with support and resistance levels identified. Then, they wait for the news. In the immediate period following the news announcement, the trader can watch prices to see if those longer.Learn how forex traders trade the news using the.
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This Forex blog is used to share my Forex trading experience and anythat can help the. If you trade based on fundamental analysis or employ a news trading strategy, then an economic calendar is an indispensable tool. Today’s Forex market is quite different from what commodity futures trading was back in 1985