I've not yet learned how to post multiple TF.
Monthly EU is down approx. 1/3 of channel-width going down, and is right on 50sma, in a horizontal zone that price has tagged so many times since mid-2014. This Down channel began June 2008.
Weekly EU, dropping, tagged topside of 200sma on Aug 13. It rose a bit to touch 50sma on Sept 24, dropped down and is retesting 200sma at 1.1335, now sitting right on it again, and
1) has opportunity to take another 6 wks (?) to rise and retest Sept 24 swing hi 1.1815 or the 50sma just above that, which may be more likely to occur before price could drop below the 200sma, now at 1.13.
or
2) keep heading down (mostly) for a couple of months to complete a possible 161.8% abc near 1.048. That would be 2/3 down in monthly channel width, and another decision point for long-term EU direction
Monthly EU is down approx. 1/3 of channel-width going down, and is right on 50sma, in a horizontal zone that price has tagged so many times since mid-2014. This Down channel began June 2008.
Weekly EU, dropping, tagged topside of 200sma on Aug 13. It rose a bit to touch 50sma on Sept 24, dropped down and is retesting 200sma at 1.1335, now sitting right on it again, and
1) has opportunity to take another 6 wks (?) to rise and retest Sept 24 swing hi 1.1815 or the 50sma just above that, which may be more likely to occur before price could drop below the 200sma, now at 1.13.
or
2) keep heading down (mostly) for a couple of months to complete a possible 161.8% abc near 1.048. That would be 2/3 down in monthly channel width, and another decision point for long-term EU direction
Kommentera:
H&S target from 10.15.18 is ~ 1.12