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MarcinO
Rep: 67
Posts: 5,506
My next area for the Euro is just below 1.10.
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6e 2016 01 10 png


The higher one between 1.1170 and 1.12.

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6e 2016 01 10 2 png
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jimkane
Rep: 3,058
Posts: 33,089
Okay, let's see if the maniacs give us something. It's looking like they might, as hard as that is to imagine.
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jimkane
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Bearish ABCD here, or bullish 'W3'? Yawn. Same old process.
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rat89
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Posts: 7,015
not saying it's done though:

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screen shot 2016 01 13 at 2 49 50 pm png
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jimkane
Rep: 3,058
Posts: 33,089
Yeah, that 'should' bounce it, but it may just break hard to the downside. If so, though, in my experience that would tend to climax it temporarily at least, and produce one of those wicked monster machine bounces, and all the pundits saying 'That's it' (like they will do, all the way down, in this and every decline until time itself ends, and like they always have since time began).
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Duane
Rep: 100
Posts: 1,095
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 !
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rat89
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screen shot 2016 01 14 at 1 39 06 pm png
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MarcinO
Rep: 67
Posts: 5,506
There is a great ABCD area for the Euro at 1.0810, which is likely to be hit tomorrow.
Reaction there will tell a lot about direction. It cannot make new high on M240 despite multiple tries, so I'm leaning even more towards bearish view.
If that is true, 1.0570 is a nice area to drop down to.
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MarcinO
Rep: 67
Posts: 5,506
New high without hitting the level posted yesterday.
Correction to 1.0890 would be great, but the Euro looks quite strong.
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MarcinO
Rep: 67
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... even stronger now. 1.1040-50 is next, I guess.
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rat89
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Posts: 7,015
then and now
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screen shot 2016 01 15 at 8 27 22 am png

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screen shot 2016 01 15 at 12 11 30 pm png
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jimkane
Rep: 3,058
Posts: 33,089
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 !