Looks like a head and shoulder formation ?
Any thoughts,
fishman356
EurAnalysis Kindergarten 24 replies
DislikedY, y, they have a plan. Final solution is = wait untill we find a solution. Fool posted it few pages ago (If I remember right). Delaying is the best thing EU can do now, as when Asia is selling USD, EUR drives up.
T.Ignored
DislikedIgnored
DislikedIgnored
DislikedI've got my eye on that but I am not acting on it right now. Wanna make sure we don't go higher first.Ignored
DislikedBuy the rumor sell the news...
Therefore rumors should trigger sells, but they trigger buys Hmmmm.
So this is what I am thinking. Thinking out loud and not making statements to act on.
When the plan is unveiled, there will be a relief rally (panic short coverings) while the economists digest the implications of the plan. Then if the market thinks the plan stinks (which I suspect it will), the market sells off the financial stocks and the others follow. USD is bid up. German-French yield spreads widen more, ECB does its best to buy up Greek,...Ignored
DislikedStrong stochastic divergence on 4H
I am not sure that I am using the word divergence correctly (PT?). However it works the same. Each new peak of the Stochastic came with a new price high. Now Stochastic at a new high, but price is a lower level.Ignored
DislikedStrong stochastic divergence on 4H
I am not sure that I am using the word divergence correctly (PT?). However it works the same. Each new peak of the Stochastic came with a new price high. Now Stochastic at a new high, but price is a lower level.Ignored
DislikedIf the quotation above 1.3846 entrenched - the probability of flying highIgnored
DislikedHi Smartman and thanks for your post. Nice charts
On behalf of everyone here, welcome to EurAnalysis.
Please read page 1 if you have not already done so. It contains all the objectives and rules of the thread and a resources section which you may find useful.
Looking forward to your future participation.
Cheers
PTIgnored
DislikedWow a chart
However, the stochastics alone is not reliable enough.
Here is another possible scenario if I introduce Elliot waves.Ignored