perfect H+Sh on the hourly
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perfect H+Sh on the hourly
And it's opp mate usd/chf doing the same.
Cheers
Miner
no joy in that H+S for me tho, now above the shoulder so I guess thats a fail.
...most likely, next bullish move for USD to 92 index-level, likely coinciding with bearish correction tendencies in the US Blue Chips...
Kind Regards
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Into cloud resistance on 1h and 4h it looks like the grey box could be the maximum test area of the thick Kumo which has turned bearish going forward. If we see a turnaround at this point it could be followed by a circa 300 pip fall onto supportive Kumo on daily TF. However, if the action penetrates the Kumo, it could be a different story
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http://www.freeimagehosting.net/uploads/30ad015127.gif
For Peat
http://www.tradersedgeindia.com/images/ew18.gif
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DB can probably confirm if the EW count looks complete. (5 of 5)
It certainly looks like the Ending Diagonal could be on its last legs.
arco
http://www.freeimagehosting.net/uploads/ec90b137de.gif
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technically C should go higher than A of course, and its several hundred pips short of that , but EWI seem to be comfortable with it being only 9 pips short on a daily close basis. 1.4450 is the break point and 1.4050 is the confirmation point.
apparently someone sold 260mil at 1.4320
seems to have done the trick...
possibly another ending diagonal pattern , very similar to your count arco .
http://iforce.co.nz/i/fq33u0xe.jpg
DB - Do you think this EW count is feasible?
A breaks of the light blue line (H&S?) may yield results
http://i25.tinypic.com/rcojt4.gif
hi arco , its the same count in the chart posted before yours, very much a possibility but no signs yet of a usd rally.
if the ending diagonal has completed there should be an impulsive wave down , but the action after 144 looks still corrective.
no luck on kiwi , stopped out .
see you next week
Ichi Euro chart
Weekly plot has broken thru Kumo on second attempt. TS (red) is still supportive. KS (blue) is lagging and tries to attract PA
http://i31.tinypic.com/117bjnn.gif
Weekly chart update -
http://i29.tinypic.com/206k2s4.gif
Preparing for a Breakup in the European Monetary Union
A look at the rising risk of a Euro implosion
http://www.blackswantrading.com/files/EuroReport.pdf