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nmike
Jan 11, 2013 3:36 AM

50% FIBS & CLONING Long

Euro Fx/U.S. DollarFXCM

Description

I've drawn a box using the 2 pivots high / low, that's the reference box. I placed 2 exact copies of the original box on top. As you can see the EURO went straight to the top boundary of the cloned box which also happens to be a key resistance.
In the reference box the EURO danced around the 50% FIB before the breakout. So if history repeats itself and the trend continues up, these are the forward steps. If the EURO breaks the 1st clone bottom the EURO is going back to the basement.
Comments
alexandra.tatrai.3
I hope it will working. Still very good chart. Congrats.
nmike
FLAG hit...ADD another CLONE on top..... note: something wrong on this chart, bars missing
twolines1
This cloning is a good idea. Like it.
nmike
...another bounce off KEY support
S851
simple and working, nice plan!
nmike
...holding at KEY support...
QuantitativeExhaustion
This one was spot on
Rothschild
like
QuantitativeExhaustion
Great Chart!
alexandra.tatrai.3
We are waiting for it :)
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