Quote:
Originally Posted by brad_1199
I say Give this pair just a little bit longer and we just might have a nice downside thrust In Wave A.... It looks to me like there is already too much downside thrust off the high..... I would not be surprised at all to see this pair move down very fast if my count proves correct. I thought an upside correction first intraday, but I'm starting to question it... I'm see'in alot of RED coming off that last high.. My first target will be 1.3700. ___ Remember this is the weekly chart...
This Is by no means telling anyone to take a trade... It's only information... what we do with our trading is our own personal business  We must make our own decisions in life.
I hope anyone new around here learns something from these posts.... I remember how hard it was when I first started... If you keep your eyes peeled though... especially on the oscillators and the longer time periods, you should do alright !
Another thing I noted on the chart was the Wave 4 of 5 "Throw Under" It pops just outside the bottom of the diagonal triangle before the final thrust higher over the top.
That should be your cue to watch for the top
If your trend lines are drawn correctly off the top of wave 3 and the bottom of wave 4, you should see it.
-CHEERS- |
Certainly possible. If the entire rally from 1.2458 is an ending diagonal, then price will eventually return to the origin of the diagonal. If the decline from 1.4966 extends to 5 waves, then we'll have an opportunity to get bearish on the setback. In other words, if this count is the correct one, then the current decline is just i of A.
