My next area for the Euro is just below 1.10.


The higher one between 1.1170 and 1.12.

Looking at how Euro has been doing lately I wonder, if its strength was only temporary and we are ahead of huge drops.

Useful fractals for the Euro.
Teal lines are only to mark same structure.

It is going higher and there are some nice lines below .786.

Been busy lately folks, hence no posts. Down 68.50 off the overnight high by my data, and dropping, in a smooth trend, with a 'W2' entry right before the open. I am running out of room on the expanded scale, I rate today (from a trading potential standpoint), so far, on a scale of 1 to 10, as a 15.

Was that the 'retest' of the low so far, now a feeble bounce? Or just keep hammering it until it flash crashes?

BTW, by my data, this 'bounce' is off the 1.272 ext ret to within less than one tick.

'Price flow' is around 93, maybe a little more.

As this churns price flow comes down, it's now just over 92 and a little change.

It's been tracking the immediate price flow, and had violated the 1-min TL, so it could be done without even getting to the 'bigger' (still on a 1-min) price flow. But, I can't see this not doing more of a 'bounce'.

Okay, it rolled off the price flow at 91.50, and has now broken it. Now we see, is that it, or machine ramp time. After a 68.50 drop, I can't imagine anything but grinding along the bottom, or another new low, but you never know with these maniacs.

Duane? Duane? Duane is in the house? And I missed it? Darn...

Originally posted by Duane

Originally posted by jimkane

Bearish ABCD here, or bullish 'W3'? Yawn. Same old process.

Yeah, when I saw that chart I knew you were all over it !