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Thursday, February 4, 2010

Thursday

09:16 PST


08:30
Here are a couple of charts that I have cleaned up. The Hourly Ichimoku chart has given the sell signal with Price below the Kumo and the Bearish Tenkan-sen / Kijun-sen cross.

The Daily Chart has not yet confirmed.



07:30 PST

I'm not even going to post the usual indicators. Of course they are all Bearish.

But the Andrews Pitchforks are key to finding turning points and changes in trend. The Green and Blue Forks were Forecast Forks. When they are violated it will be the final proof that the Bears are in control of the major trend.


The EW count was what I had yesterday and obviously no longer applies. Looks like wave 3 may have begun. I posted this chart for the forks not the count.




Analysis presented on this Blog has only informational, and educational purpose, and does not represent a proposal for buying or selling currency contracts.

1 comment:

  1. Bob, what is your daily chart trend for eur/usd ?
    Cheers
    Alex G.

    ReplyDelete

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