EUR Update
Here is behaviour that is lacking strength to move decisively upwards...
Here is behaviour that is lacking strength to move decisively upwards...
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DislikedEUR/USD Update
Here is a new outlook on the situation, with a estimated drop size till the lows of 2600Ignored
DislikedDepends on my view zone between 1.2650 - 1.27 buy zone and shouldn't go more down than this But
We will see
first step for this move down if it going to happen we need 1h close under 2740Ignored
DislikedDidnt want to post anything after the crazy rise upwards. Still not clear what its trying to do with 100% retracements happening.
The movement upwards was quite a surprise, and usually they happen in 150 pip increments, but this one was not like that.
Not quite sure what the market makers want to do right now. The 3000 level seems to be a level where price needs to get there before the year end. Now as far as what it signifies to them I am not quite sure.
Overall there is definetly one leg missing on the daily chart from the move from...Ignored
Disliked1-It fail to close above 2820 so no 29 till tomorrow
2- we will see 2770 one more time
3- i wait my 4h close above 2820 this will b good for long
4- still believe PA won't go under 2650 - 27
Catch u tomorrow , Hope ur ok and ur family
Thanks for your valuable postsIgnored
DislikedIt's at a rather critical spot at the moment, in my opinion. Fundamentally for sure, as the Greek situation this weekend is crucial for future moves. Technically we are in a nice bull move from the 61.8% retrace I pointed out in my previous post; yet we are also at a critical 61.8% retrace for the down fib on the Daily chart as Kambooj pointed out in a previous post. The determining factor for the future move, I believe, lies in the hands of the meetings regarding Greece. I think if we don't break 1.3000 after the meetings then bears it is, but...Ignored
DislikedThanks for the insight and info,
As you have mentioned the key is the long term traders that will want their targets to be reached, so far the spike upwards from a median line perspective is behaving as it should and there is not much agitation in the upward movement to create room for "5th Wave Failure" scenario.
These scenarios (5th wave failue) have a lot of agitation towards the end and are more marked by jagged movements which is more getting eliminated as the thrust is developing.
Once the median line on the previous H8 charts...Ignored
Disliked==============
Fascinating reading Kambooj and like you I don't believe their ancient forecast. The Bible is explicit that "no one" will know when it will happen, so why break our heads over such a forecast. Having said that, I totally agree about the possibility of chaos on that day.
Thank you for your excellent work; I am admirer.
Best wishes,Ignored
DislikedEUR/USD Outlook
Downward break risk is increasing as the days passing by. Here is a new outlook on the situation:Ignored