On Friday the Euro hit new high at 1.1470 as expected.
Apart from geometries shown below the structure of the move, let's say on M60, is very similar to patterns that has preceded previous correction recently.
It might be current level that will stop it for some time or 1.1520 after one more move up. If these areas don't hold the next serious level before low 20s is about 1.1750.
JI
jimkane
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Reading that imminent sell dead on really made my day. I totally saw it at 31.00. That was amazing. I mean, to have enough clues to read it that early, that was what was amazing.
RA
rat89
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oh, around... ;)
Originally posted by jimkane
Where's you learn to talk like that, rat? Too funny.
Originally posted by rat89
come on....give it to me at the lower line....
JI
jimkane
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They sure look like they want to sweep the downside (again). But now we hit into the dead zone for awhile, so I'm not sure how this may change as the European open draws closer. This should be an interesting overnight session.
JI
jimkane
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It sure acts like they want to sweep it out well before any European open action. Interesting. That may be a sign of a change of character.
JI
jimkane
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That was a sweet drop there. This short has really been a lot more impressive that I expected when I first saw it.
RA
rat89
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my gut says they trap the bears tomorrow or the next day and either send it up for a retest or a marginal new high. Perfection is just above the high hit today. But bigger picture suggests this area is the exit.
Originally posted by jimkane
That was a sweet drop there. This short has really been a lot more impressive that I expected when I first saw it.




