DislikedOn 4H charts, from the high on 3/14/08 to the present, I see what appears to be a huge descending triangle formation forming? If the current head & shoulder formation continues, that would be three in a row, each smaller than the last..... IF the descending triangle formation continues, wouldn't this indicate a potential Short move to well under 1.9700?Ignored
see chart attached..
we hit the r1 level...divergence kicked in bought us down...but theres plenty of divergence to take us up to...also bounced of the 62 ema, maybe we have a false pin on daily because of friday....it all depends on the open, but the chances of up and every bit as likely as down...this is forex
everything says up except for the pin on daily...thats my problem ..if any1 can add to this analysis that be good..