With down on the cards for EU from almost any EW perspective this potential triangle is in good form. How it behaves from here on all time frames will be of great interest.
Comments
Welshman99
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Finally sorted entering chart image....
Welshman99
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OK , it would imply short-term weakness until completion of C (post triangle) then sell off in W5. You're probably correct though, I'm still ploughing through EW stuff and hoped the fog was clearing:) I'll watch with interest. Thanks for your help and your published charts, appreciated.
Welshman99
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Sorry, tried to insert my chart but it didn't like the url for some reason
Welshman99
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Hi Chessnut, I agree though I'm thinking this is a B-wave triangle of wave 2 of 3, still learning EW but my five penths worth.
chessnut
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I think I get what you're saying. could be although that would imply USD weakness on breakup. I think more likely this is Y or Z of a combination.