Euro Triangle Sideways near to end???
The euro is inside a running triangle since july 2005. All the movements between the triangle support and resistance lines, was in three or seven subwaves, indicating the lack of volatility in the pair. A triangle have five waves, A-B-C-D-E, and the E wave potentially finished the past 17 at 1.2205. If this is correct, and the E wave is not a complex double zig zag as the alternative counting says, a new down trend to 1.12 is near to us, waiting to be confirmed with the brake of the triangle support line as daily graphic shows.
The euro is inside a running triangle since july 2005. All the movements between the triangle support and resistance lines, was in three or seven subwaves, indicating the lack of volatility in the pair. A triangle have five waves, A-B-C-D-E, and the E wave potentially finished the past 17 at 1.2205. If this is correct, and the E wave is not a complex double zig zag as the alternative counting says, a new down trend to 1.12 is near to us, waiting to be confirmed with the brake of the triangle support line as daily graphic shows.
