Ann: June 2025 Quarterly Activity Report & Appendix 4C, page-5

PA in charts shows not
far away from completing a macro bottom accumulation phase, big money will know to pile in very near to the tipping point of impulsing moves to the high, big money rotation already evident in numerous small caps that have seen a macro bottom and been in accumulation since. The DXY shows in sequence its in will have some impulsive moves to the high starting this week or next week, which will see profits taken on the indexes, and bigger inflows to small caps such as FRE. FRE very much in the ‘’goldilocks” zone of accumulation phase before we see the bigger impulsive breakout moves, FRE has completed its 90-99% correction post being listed, its been in a very decent accumulation phase aligning with being sales and production driven, so ticks every box for myself. NFA DYOR chart below showing sequence i see the DXY in which will align with the TRADs (indexes)taking profits and correcting before running up again, viewing the TRADs in an expanded flat 5th wave this being an A wave top nearing completion