RHE Pulse sequence before 58% rise...
Exchange rate movements are characterized by a regular pulse sequence. They occur in a place where a small financial group deals with stock trading. This may also be the case. The analysis shows that the exchange rate is falling very precisely (68%) (yellow A). Then it rebuilds again. Recovery is also normal. These give the response sequence (green 2-1). It can be seen that this sequence is repeated with almost mathematical accuracy. I believe that this movement is the result of well-structured financial transactions, so I still do not expect any other form of movement in the exchange rate. If my reasoning is correct, a re-rising wave sequence is formed with a target price of 3.42 usd
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.