paweld

Two months of regullar corretions

FX:EURUSD   Euro / U.S. Dollar
718 1 2
In last two months we could se nice correction relations in downtrend. Three simmilar corrections before strong swings (green rectangles), and lately two same sized corrections (red squares) - last one has additionaly ended at 23,6% of whole move and 78,6% of last impulse. Some says that todays             down movement was cause of Cyprus.. I say that cause of market geometry and overbalance rule.
I agree with your observation and still feel there is some more downside before meaningful bottom forms from which more significant retracement to the upside develop or new up trend. I have published my views on why I think we will develop new up trend upon completion of the current down trend as correction of move from July low to Feb high. Here is link to my chart -
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out