Stock can see a pullback before resuming higher - Elliott wave [Video]
|Hello traders! We recorded a new free video analysis.
In this video analysis we covered some interesting markets across the globe and we can see some clear patterns and interesting levels, which might be indicating a switch into a risk-off mode.
Put/Call ratio, EEM (Emerging markets) and S&P500 charts can be showing that stocks are trading at the extreme levels, especially if we consider Elliott Waves. Not only this, if risk-off is really about to show up, we can also see a clear bearish pattern on CAD/JPY, since we know that in risk-off, JPY is a safe-heaven. Not to mention correlated markets CNH and AUD, which confirm a potential risk-off market sentiment.
Be humble, and trade smart!
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