Robert24

Ellipse to go with other explanation

FX:EURUSD   Euro Fx/U.S. Dollar
121 1 2
I think this is what liermam referred to on major and minor axis.
Here's my other ellipses in "ideas" to go with this. They were done on Kyplot and are very precise. https://getsatisfaction.com/tradingview/topics/crosshair_in_the_middle_of_the_ellipse
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