Thursday confirms yesterdays Bearish Harami with a long Black candle and Bearish Reversal.
But before we talk about P3 we need to atleast get through 1150 and finally 1080. The timing may be right though. I was looking a some other Perma Bear Blogs and noticed that several have become Bullish. I know I'm feeling like Elliott Wave and P3 may be a myth.
This intraday candlestick chart is looking good for the bears. Yesterdays Bearish Harami will be confirmed today with a close below yesterdays high. About 90 minutes remains today so time will tell.
Looks like we may bounce between the Pivots at this point
DDF is Neutral. Price is at the Woodie Pivot.
My expectation is a reversal at this point.
The channel and Andrews Pitchfork also support that idea.
Analysis presented on this Blog has only informational, and educational purpose, and does not represent a proposal for buying or selling currency contracts.