And, right on cue, the fan line that messed with a perfectly good plunge so many times already. It's the red dashed line on the daily chart below, seen here in close up. I think its minutes are numbered.
ORIGINAL POST:
The dollar looks like it's finally ready to break out (barring another Guardian news flash.)
More later.
A drop soon but we make a higher Low..........and then off to the races.
ReplyDeleteEnjoy your charts/commentary. I have had some success with fib arcs and I thought I would lend support to your top call. The 2.618 is typically the top of wave 2's (blue) and C's of expanded flats (green). On a similar plot NDX reached the blue 4.23 which is death for 2's.
ReplyDeletehttp://screencast.com/t/ZvSeQh790JnR
Very cool. Thanks!
ReplyDelete