Evening star formation hinting at major reversal after 11 swings

FX:EURUSD   Euro / U.S. Dollar
433 4 10
Last year we put in the proposed wave B (25-03-2013) , and since then the market has
been rallying in a complex structure.

The three last weeks price action has formed a evening star formation on the weekly chart
which warns that a major top could be in place.

In the short term,we could still see more upside, but the move off last weeks lows
have been very weak. The next short term move will decide if we will see more
weakness or countine higher.

Looks below for long term chart and alt. view.

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Good luck!
I'm not sure if ots importand to see down gap here before last candle or not for evening star formation ? what do u think?
It's not very important, but it's a good sign. In stocks it has more importance, because after hour trading is much more common in stocks than FX. But that is just my humble opinion.
Alt. view. I don't like this count, but it's possilbe.
c Long term view.
+1 Reply
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