SNOW stock is about to enter a consolidation state !
This chart shows the weekly candle chart of the euro against the US dollar over the past year. The graph overlays the recent bottom-up golden section. As shown in the figure, the euro against the US dollar hit its lowest point last month, just below the 2.382 level of the gold split, while its recent peak happened to be around 3.414 level of the gold split! This pattern indicates that the euro has entered a state of strong bearish positions against the US dollar, despite the fact that bulls have once again accumulated their strength! In the future, we should focus on whether the euro/US dollar can enter the standard graphic organization, and then determine the direction of the next breakthrough!
This chart shows the weekly candle chart of the euro against the US dollar over the past year. The graph overlays the recent bottom-up golden section. As shown in the figure, the euro against the US dollar hit its lowest point last month, just below the 2.382 level of the gold split, while its recent peak happened to be around 3.414 level of the gold split! This pattern indicates that the euro has entered a state of strong bearish positions against the US dollar, despite the fact that bulls have once again accumulated their strength! In the future, we should focus on whether the euro/US dollar can enter the standard graphic organization, and then determine the direction of the next breakthrough!