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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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Printable View
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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
.
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