Elena Nikulina

Minimum downside objective reached on weekly charts, Linda Raschke notes

Minimum downside objective reached on weekly charts, Linda Raschke notes
Downside objective met on charts

Linda Raschke reported that the minimum downside objective has been met, with the slow line closing beneath the zero line on the weekly charts. This development follows an analysis she suggested approximately two and a half months ago.

The update references the progress of a specific chart pattern, indicating that targets identified in earlier technical assessments have now been achieved.

Raschke has previously noted momentum shifts in other instruments. Earlier this year, she highlighted that the peso reached new lows following a downside breakout from a three-bar triangle pattern. She also observed silver closing above its 5 SMA after an upside breakout, indicating further upside momentum.

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