Money Supply Bull Flag ???

מעודכן
Maybe this is a massive money supply flag. We have support on the ribbon. Stochastic RSI confirms it.

I don't know if this even makes sense, since CURRCIR is a subset of M2SL.
On the other hand, who would have thought that in 1990s currency in circulation would increase by 50% in less than a decade.

Or is there a ceiling prohibiting more increase?
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Also look at the ratio between Europe's money supply and US.
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And my favorite, the most accurate retracement ever.
Total "purchasing power" of Europe vs US. Just recently we have reached a perfect golden ratio. 1 in 10.000 accuracy.

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Maybe this is a harmonic pattern. Feel free to guide me as to what this might be. And how price might continue in the following months/years.

A closeup view.
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Maybe Europe will print so much money that it diminishes its currency. This chart suggests that EURUSD is in reality much weaker than it seems. A lot of Euro is printed compared to Dollars.
Maybe they get more hawkish than the US and increase rates to >5%. I am not sure...

Prepare for unforeseen consequences I guess?
- G-Man, Half-Life 2
הערה
These damn bull flags are everywhere!
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CURRCIREUINTREUIRYYEUM2FEDFUNDSM2SLSPX (S&P 500 Index)Trend AnalysisUSIRYY

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