I commence with my humblest gratitude to The Most Benevolent, The Ultimate Knower of all hidden and obvious and Infinite Glory and Praise for The Most Magnificent for blessing me with the knowledge and ability to share with others.
I had analyzed the markets over the long weekend and usually a longer term chart, such weekly gives a better perspective. Keep in the mind that Markets are in correction and thus we shall find rallies in the correction, as we move along the corrective path. Therefore, we are to be mindful of such rallies, as just like selling, these rallies are very powerful and strong, while they last. It also came to my attention that whenever markets are making lower swings in the end of Month of May, after selling hard, Markets tend to make a noticeable rally into the first week, sometimes into the second week of month of June.
THE MOST ACCURATE FORECASTING OF FINANCIAL MARKETS
http://trade-in-harmony.blogspot.com/
thank you for update.
what about EURUSD, it just done new lows
Longer term do you think we will see new lows?
Thanks!
Patrik
Patrik, after last decline Mr Syed wrote "FIRST leg ended" so when SECOND leg of decline will come then of course new lows are guaranteed.