Finally, D1 swung down and confirmed the end to its rally. (See http://www.forexfactory.com/showthre...61#post6072261)
Now that D1 is a fresh confirmation down, can sell rallies on lower charts.
H1 has even reached the bottom of its non-repainting TMA channel already.
Legs have a tendency to travel in a Fibonacci number of bars. H1's down move is now on bar 20 from the swing high. That means H4 is on bar 5. (Any light bulbs just come on?)
DrDave
Now that D1 is a fresh confirmation down, can sell rallies on lower charts.
H1 has even reached the bottom of its non-repainting TMA channel already.
Legs have a tendency to travel in a Fibonacci number of bars. H1's down move is now on bar 20 from the swing high. That means H4 is on bar 5. (Any light bulbs just come on?)
DrDave
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