Thursday confirms yesterdays Bearish Harami with a long Black candle and Bearish Reversal.
The 60 minute Kagi chart has given a sell signal
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.
14:39 EST
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.
14:25 EST
Looks like we may bounce between the Pivots at this point
12:50 EST
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.
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