BB-Trades

BB-Trades

Here's what I'm seeing for EU on the daily chart, as well as mid-term targets. It appears we may have just started the final drive of the three drive down pattern. This is shown through the pattern with price, the harmonic ratios, and the amount of time that we have been in each bullish and bearish drive. Note the uptrends only seem to last about half the time...

BB-Trades

Here's what I see for DXY, along with potential mid-term target. I think we are in the middle of a three drive up pattern. We should have retraced down to 104 to hit the 61.8 fib, as we did in the first drive. However we only made it to the 50% of second drive before bouncing back up, likely because of renewed yen weakness after intervention. Yet the 1.618...

BB-Trades

It appears that EURUSD has completed wave c - the final corrective wave of the EW pattern on the 1 and 4 hour timeframes. From here, it is likely that the major trend continue. We can expect this pair to decline over the next several days, with a new impulse wave 1 forming as it heads toward the bottom of the bearish channel. Of course, this is using only...

BB-Trades

The 1D Chart shows EUR/USD beginning wave 5, which is the lowest of the impulse waves (in a bear trend -it is the highest in bull market). This suggests the EUR/USD pair will return to the channel and continue a downtrend towards 1.067-1.041 over the next several weeks. More EW of this pair in different time periods to be published shortly.