AndrewI agree completely with your views, although you could...

Andrew

I agree completely with your views, although you could lose all of the indicators and not be disadvantaged!

I trade price action only and don't pay any attention to indicators. Moving averages; support/resistance; Fibonacci levels (only because the institutional traders use them) and the more reliable price action patterns are what I use to analyse and trade the markets.

Here's a chart I posted a bit more than a week ago with the prices updated today. Broadly agrees with your analysis.