We will follow this model until the wave ends or the behavior changes:
First: Closing above 116,500 is a signal to achieve a historical number.
Second: The area of hesitation for currencies and the entire market is between 115,500 - 130,000.
Third: If it manages to exceed 130,000, its main peak will be close to 148,000 - 150,000.
Fourth: Exceptional events may occur: a significant news event or political or economic events that cause long upward or downward tails and high volatility above the green area, meaning above 130,000, which is the most dangerous area for volatility (we will update then).
Anyone with a different opinion is welcome to share it with us, and don’t forget to follow for the latest forecasts.
