EURUSD--Monday, March 7, 2011
Example of a short term (5 minute chart) extended "price pulse." A base formed from an "alpha" low (around 8:00 AM NY time) and a "beta" high (about 10 to 15 minutes later). The 2.618 Fibonacci downside target from this downward alpha-beta base was 1.3990. Bingo.
