Euro Slide to 1.18 or mooorreee down???

Discussion in 'Forex Trading' started by torosyososfx, Jul 31, 2005.

  1. Euro Slide to 1.18 or mooorreee down???

    The sideways in euro beginned in july 4, is making the last movements. A triangle pattern is unfolding since then, and the last leg is on progress as the blue counting shows. This counting shows a wave (A) in progress, needing one more leg down, wave 5, to complete the pattern. A triangle is counting in the wave 4 position, announcing this way that the last leg is near. Triangles only appear preceding the last impulse of a pattern. The target for this wave 5 is the support given for the middle and lower line of the channel, as show the daily chart. A break of the base channel line, validate de red counting, that shows a double zig zag W on way.