Today's Support and Resistance Levels:
R3: 141.87
R2: 141.29
R1: 140.83
Current Spot: 140.62
S1: 140.37
S2: 140.13
S3: 139.74
Technical Summary:
The minor triangle broke towards the downside for a test of support at 140.13 before renewed upside pressure emerged. Besides the small detour nothing has changed and I'm still looking for a move higher towards the ideal target at 142.26 before the x-wave from 136.23 finally comes to and end and the next decline towards the 38.2% corrective target of the rally from 94.10 to 145.69 sets in.
Today's Support and Resistance Levels:
R3: 1.6567
R2: 1.6538
R1: 1.6498
Current Spot: 1.6477
S1: 1.6460
S2: 1.6445
S3: 1.6410
Technical Summary:
The failure to break clearly above 1.6509 keeps the 1.6445 target alive. Short term minor resistance at 1.6498 should protect the upside for the last decline towards the 1.6445 target to end wave 2 and set the stage for wave 3 higher. Only a break above minor resistance and more importantly a break above resistance at 1.6538 indicates that wave 2 is over and wave 3 is developing for a rally higher towards at least 1.7141.
This comment has been removed by the author.
ReplyDeletehello
ReplyDeleteit's over , over , over
you made it very very right but i think it's done and already cooked
the thing is in the triangel it's not (a,b) it's ( w,x )
and the other 3 waves to the upside is (a,b,c)
so the whole move became (w,x,y) to end @ exact 50% of the whole down move from 145.75 to 136.25
excactly the 50% came @ 141.25
AND if you calculate the percent from the 136.25 to 140.30 as (w) the take the 0.618 % from the end of the triangel @ 138.94 you will find the target again @ 141.25 @ the 50% again & again
this it it's done don't wate for another 100 pip the correction is over
plz look it that way and tell me what you see
Hi Ahmed,
DeleteI think you have a valid Count and valid calculations.
So stay with it and enjoy the ride.
Kind regards
EWS
Can you share your chart?
ReplyDeleteThis comment has been removed by the author.
ReplyDeletei don't know the cahrt don't want to appear
ReplyDeletehttp://www14.0zz0.com/thumbs/2014/02/26/08/323210367.png
[url=http://www.0zz0.com/realpic.php?s=14&pic=2014/02/26/08/323210367.png][img]http://www14.0zz0.com/thumbs/2014/02/26/08/323210367.png[/img][/url]
The first link works but the chart is too little!
ReplyDelete