Better depiction of the thought I had in mind My guess is gap to the upside. See Goldman and Greece
another trend poised to change direction. This week is huge as far as fundamentals are concerned. If US performs better than expected, then Id all but guarantee rates will by October. Follow through depends on this notion....hence data dependent!
shark was completed at the high of last year (d). the low put in on 4/15 coincides with a wolf wave from a 3 drivers pattern at the end of 2009. bullish >136.8 even though it looks like momo is losing steam. short if the wolf breaks down to 121
BUTTERFLY in play though bc projection is sloppy. 12300-12000 topside range before next move shakes
Gartley complete but not tight to test 61.50 ONE MEAUX TIME!
You get the idea. Targets are highlighted. Sloppy shark pattern could develop first though thats not drawn
5-0 pattern may complete first at 85 before the next leg up in supercycle for shark pattern. Lots of ifs, ands, and butts, BUT the patterns do exist. Giving that there are fundamental holes in the US economy, the only way for bull trend to continue is for the FED to shock the world and pop the global asset bubble
Shark pattern violated but abcd to 1.06885 could hold off next leg lower
looks like a bull shark. plenty of hickups to play intraday shorts and try to make some money still euro bear though
1.11 is line in sand. If taken out, look to retest crucial support at 1.065
pullback or continue the run. Japanese corporates are nervous about further yen weakness but....