harmonic

After all the media hype and price battles in German supermarkets over Milka chocolate, I thought: Let's take a look at what the Mondelēz International (MDLZ) chart has to say.

The Navarropattern hits the TakeProfit, Black Swan agressive Target still open. Long term Sl protect @0.13 Fibo. More in Subscriber Area.

Reversal for higher prices from here?

The I Shares China Large Cap ETF (FXI) is an exchange-traded fund focused on the largest and most liquid companies in the Chinese market, primarily listed on the Hong Kong Stock Exchange. These companies mainly come from the finance, energy, telecommunications, and consumer goods sectors. Some of the most prominent holdings include:

The main reasons for this are a weaker demand for delivery services and ongoing inflation, which has increased operating costs. Additionally, the labor dispute with the Teamsters union forced the company to agree to higher wages, further squeezing profit margins. The latest quarterly report also showed a decline in revenue and profit, which has weakened investor confidence. Analysts at JPMorgan recently lowered their earnings forecasts for UPS, further contributing to the downward trend

The X-ABCD has now broken rule Target 2 and there is a weak option for a new intra abcd. 

The Analyse starts here

Basically, the ABCD pattern is the basis of the harmonic pattern and is referred to as a Fibonacci trading strategy. Such a pattern arises from price movements and corrections and places these in a Fibonacci relationship with each other. If certain ratios arise, different patterns can emerge. There are variants in the patterns, which are represented by bandwidths in the figures. In simple terms, these are dynamic patterns consisting of at least 4 or more pattern points.