EURUSD--Tuesday, May 31, 2011 Again
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May 31, 2011
EURUSD--Tuesday, May 31, 2011
May 25, 2011
EURUSD--Wednesday, May 25, 2011
Is this too simple?
A - B - C.
B retraces 61.8% of A, then the C wave fades at the 161.8% extension of the A.
We could get only slightly more complicated with this chart.
Projecting the length of the A wave from the bottom of B, the fade is around the 127.2% mark.
And it leaves us open for a surprise move to 1.4160 and a new fade there.
May 19, 2011
30 Year Treasury Yield -- Thursday, May 19, 2011
A daily chart of the 30 Year Yield since last October, showing:
- an alpha-beta base setting up an impulsive move higher
- target for impulsive move at 4.236 times the height of the base met in February
- a 3 wave 61.8% retracement of the entire impulsive move
Click chart to see a larger version..
May 9, 2011
EURUSD--Monday, February 9, 2011
Exhausted yet, euro sellers?
An impulsive pattern where there was some support at the 4.236 extension.late Thursday, before Friday's continuation of the down move. The next exponent of phi would be 6.854 (1.618 to the 4th power). Right about where we are now.
May 4, 2011
EURUSD--Wednesday, May 4, 2011
Quick update on the EURUSD charts posted on Monday. Target was 1.4950 as the 4.236 Fibonacci extension. 1.4939 printed today. Close enough.
May 3, 2011
GBPUSD--May 3, 2011
Similar pattern to the EURUSD shown yesterday, with the difference that in this case, the pattern seems completed.
Shown on a daily chart:
And on an 8 hour chart, showing more clearly how the 2.618 and 4.236 extensions of the base provided zones of resistance and subsequent support:
May 2, 2011
EURUSD--Monday, May2, 2010
A pattern examined previously. Fibonacci extensions at 1.618 and 2.618 from a base formed in early March first provided resistance and then support in ongoing EURUSD rally. The next exponential extension would be at the 4.236 level -- 1.4950.
Latest action shown on an 8 hour chart:
