Euro FX Daily Video, August 24, 2010

Is This 3 Drive ?

Hello Sive - I find your video's totally fascinating and I am now hooked on the daily travails of EUR/USD and also on learning technical aspects. I could not see a 3 drive pattern in 1hr as eurusd approached 1.2600 but the 15min chart looked more interesting - would the attached be a valid 3 drive pattern?. I have not checked the Fibonacci ratios of the legs but if they did work out OK how does the pattern look? - it seems reasonably symmetrical but does 15m count?
All the best
P
 

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Hi Sive,
Thanks for your analysis. I've benefited not only how to make profitable trades but also emulate how u look at the market.:)
 
Hi Sive, I just wish to thank you for posting such wisdom some of which I never knew exhisted I am also beginning to see charts differently than ever before ......thanks soooo much. Bill.:)
 
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