there is a double top in place now. The major wave started at 1.2450 range. There could be a correction to this wave comming now. That would be nice. Because I am in near the top. euro usually corrects more than 50% and alot of the times it corrects 76%.
1.2745 is 38.2
1.2685 is 50
1.2633 is 61.8 (the golden ratio)
4 hr CCI has crossed 0 line now and ewo is gonna cross soon. Not good entry signals but good confirmation signals of a major wave turn.
Dave
o yea, if looking at a line chart then the high was never broken because there was no hourly or even 30 min close above. Dunno if the break is valad or not. It may or may not have opened the door to the up side.
1.2745 is 38.2
1.2685 is 50
1.2633 is 61.8 (the golden ratio)
4 hr CCI has crossed 0 line now and ewo is gonna cross soon. Not good entry signals but good confirmation signals of a major wave turn.
Dave
o yea, if looking at a line chart then the high was never broken because there was no hourly or even 30 min close above. Dunno if the break is valad or not. It may or may not have opened the door to the up side.