Riding the upward forks!
Up we go, right through the weak spot again.
Kenny has a good EW count that fits this move.
Actually I think everyone does.
13:30 PST
TOS has an indicator called Woodies CCI and Woodies Pivots
There is a ton of information present on the Woodies CCI and it involves a system for finding trades. I've only grazed the surface but this study appears to be worth the effort.
Click here for a link to a document describing the study.
You will need to find your way to the PDF by clicking on DOWNLOAD PDF and then navigate through the beg for support pages until you find the "Continue to Download" on the upper right side of the page. Trust me it's worth it.
09:20 PST
Ichimoku is Bearish with Tenkan-sen/Kijun-sen cross, and price below the Kumo which is offering resistance. PPS is Bullish but flashing a Bear Arrow as the hour progresses.
MoneySpy is Bullish. CORRECTION - The price is above the Tenkan-sen so this is sending a warning to the Bears.
Price was supported by the Persons Pivot (PINK) The extreme pivots are 1104 and 1140
09:00 PST
This is a trend line chart. Not an Andrews Pitchfork.
06:45 PST
The Euro has been following my predicted route. I have now brought a larger fork into the picture, and revised the Blue Prediction Fork that I have been showing. As seen in the daily chart below there remains a Red upward fork.
This Red Upward fork happens to intersect at 1.4222 with a Light Yellow Prediction Fork I have drawn in. Also the Weekly Kumo sits just below at 1.4183.My take on this is that we may see higher prices resume in that area.
For clarification I left the Blue Prediction Fork in place but will be removing it because the Magenta fork can now be drawn from existing data.
Analysis presented on this Blog has only informational, and educational purpose, and does not represent a proposal for buying or selling currency contracts.
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