Here are some charts from our private RTT Plus blog over the past two months.
The Golden Ratio is very good in picking price judder bars when a market is in new ground and has no resistance.
Maybe the realisation TRUMP plans may take a little longer than expected, we may see a similar price action to Reagan first year. Or maybe its just the ECB talking of higher rates with all the banking issues they have, and how the many legs of the octopus may reach the US banks derivative books. (Note: Banks are selling off hard, just after a period of large insider selling by bank bosses)
Or course we all have seen topping patterns before, wide range up into new ground to bring in the uniformed, wide range down as the informed distribute to the uniformed.
Original Post: http://ift.tt/2njzc1b