always listen to arco.
I didnt follow his advice and I am now blind
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always listen to arco.
I didnt follow his advice and I am now blind
some decent action last few days, maybe a trend change....been on hols this week would have gone long on the shakeout bar, with the strength in the background, and a support area.....(dailys) what a week to holiday....:)
Maybe nearing a bottom this pair. The weekly price action just bounced off the June 1995 low. Nothing but a big black abyss and a setting sun on the British empire beneath...
.
The long term Butterfly PTZ which started forming 'X' circa 1998 is close, and there may be
some support start coming in around 137.50 due to various other technical factors,
Plus the current action could also be starting to print a bullish Butterfly pattern on the
lower time-frames.
Wow long term!!
I can certainly see a beautiful bearish gartley as shown but I cant quite see how you get a butterfly starting from my B point...
Yep, thats a 'Speedy Butterfly' Peat.
B-C is very shallow 38.2 retrace. (16 June 2003)
The main consideration was the X-A 112.8 fib point @ D
DB
If you are around, let me know if this is a possible count on GBP/JPY
Could be taking a tumble soon.
http://www.freeimagehosting.net/uploads/007f38debc.gif
If the appetite for risk is back then the action could even head much higher
http://www.freeimagehosting.net/uploads/25b80d6ad9.gif
.j.
How about a climb to the top of the next pyramid?
http://i25.tinypic.com/2rxieko.gif
a couple of big bearish butterflies..
activation point is the dotted line so the second one triggered and played out and if price closes below the lower dotted line that one will have activated too.