Here is a quick video on how to spot running corrections and how to use Fibonacci Extensions to measure price targets with 61%, and 100% levels.
Here is a quick video on how to spot running corrections and how to use Fibonacci Extensions to measure price targets with 61%, and 100% levels. If this pattern holds true then we could see a much larger decline later this week.
Also, here is a link to my last technical analysis video on how I called the market top with its rising wedge/running correction and the extreme sentiment that was in the market: https://www.fxempire.com/forecasts/article/exclusive-sp-500-technical-analysis-for-june-5-2020-653630
For a look at all of today’s economic events, check out our economic calendar.
Chris Vermeulen has been involved in the markets since 1997 and is the founder of Technical Traders Ltd. He is an internationally recognized technical analyst, trader, and author of the book: 7 Steps to Win With Logic