As it is, the G/U is experiencing a trend, from what I heard in videos, called market noise. Classic indication of not knowing where to go or the general direction from here. From it's peak of 1.9916, it slide to slightly below 50% fibo level, which I thought would mean it is likely to continue it's downward trend. But for now, it's stabilised - in a period called consolidation? The up trend is not strong though. And the last active period of around 10pm to 12pm local time traders didn't seem to be able to decide which way is better.
Now, that makes me wonder...when does the market enter into cosolidation? And how do I tell it is not a reversal? It seems the market is cyclical. As long as I have enough funds, and patience, I will get earnings?
Anyway, my job is mundane. And I might only have 1 month at it. Wonder what's my next move.
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