traderWgun
Short

Evening star formation hinting at major reversal after 11 swings

FX:EURUSD   Euro Fx/U.S. Dollar
429 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.

Follow all my demo trades at http://www.myfxbook.com/members/tlkemmy/demo/854232
Good luck!
traderWgun
2 years ago
c
snapshot
Long term view.
+1 Reply
traderWgun
2 years ago
Alt. view. I don't like this count, but it's possilbe.
snapshot
Reply
kaloeg
2 years ago
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?
Reply
traderWgun kaloeg
2 years ago
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.
Reply
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