Although this forecast might take months to be accomplished the pair is most likely to behave one of the following ways. Either it goes down to the trendline of the pattern, consolidate and make a big move down. Or it goes down to the trendline of the pattern, consolidate and make one last move up before going down. I think we will have to come back to this chart in a year to see the outcome.
I agree, but don't you think that some international events may stop the fall. BTW for now it seems that the price level is not touched by any event. How low do you think it can go 850? take you best guess.
AleksandrLombrozo
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@Pegno, My system does not depend on any international political or economic events. Therefore I do not include them in my analysis.
As for the analysis of other stocks or pairs, write me a personal mail.