My answer to the title question is a resounding YES! Let me count the ways.
1. After more than one month's good work, it climbed 600 pips to 128.00. The path has been direct and simple with a perfect trend line. Currently it is having a correction but rebounding right from the same trend line.
2. The V-shaped bottom area ABC (see chart below) constitutes a very solid support to withstand the current tumultuous market, and sustain a steady rally.
3. With a little imagination, once the current reb…
1. After more than one month's good work, it climbed 600 pips to 128.00. The path has been direct and simple with a perfect trend line. Currently it is having a correction but rebounding right from the same trend line.
2. The V-shaped bottom area ABC (see chart below) constitutes a very solid support to withstand the current tumultuous market, and sustain a steady rally.
3. With a little imagination, once the current reb…