Scandex Market Update – May 4

Monday, 04/05/2020 | 06:25 GMT-0

Disclaimer

A flat is still possible. Thursday’s low would compose wave B. If this interpretation is correct then wave C should carry above 12593. The most likely spot for resistance remains the wave 4 and red parallel at 12692. Bottom line, USDOLLAR reacted at critical support (l0ng term magenta trendline) so focus is higher as long as price is above last week’s low.

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Source: https://scandex.com/2020/05/04/market-update-may-4/

Disclaimer

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