Three years ago in another life, when I only looked at "those other Time frames", I never imagined myself saying this, but, I'm really starting to like the "Boss".
I don't know how accurate my analysis is, but I thought I would throw this out there as It makes sense to me, and goes a long way to explain what the EURUSD has been doing for the last four Months.
Connecting the lows of 2000 with strats/Dr. joe's Dynamic Res/sup line through the lows of 2005/6, as shown in the Big Boss chart, brings us to the present day as seen on the Boss chart. If this DSR is in the right place , it can be seen that for fifteen weeks the Euro has been banging it's head against this old trend line trying to break thru to the topside.
When it met up with the current weekly DSR something had to give. This is the reason I said five weeks ago it's time to move on.
@ Nicola, Check out the Gann levels on EURUSD and USDCHF.
Roy
I don't know how accurate my analysis is, but I thought I would throw this out there as It makes sense to me, and goes a long way to explain what the EURUSD has been doing for the last four Months.
Connecting the lows of 2000 with strats/Dr. joe's Dynamic Res/sup line through the lows of 2005/6, as shown in the Big Boss chart, brings us to the present day as seen on the Boss chart. If this DSR is in the right place , it can be seen that for fifteen weeks the Euro has been banging it's head against this old trend line trying to break thru to the topside.
When it met up with the current weekly DSR something had to give. This is the reason I said five weeks ago it's time to move on.
@ Nicola, Check out the Gann levels on EURUSD and USDCHF.
Roy
Polishing my crystal ball