EUR/USD Daily Video, October 25, 2012

Sive Morten

Special Consultant to the FPA
Messages
18,559
Good morning,
market has turned to upward retracement, so major level to watch for is 1.3005-1.3020:





The technical portion of Sive's analysis owes a great deal to Joe DiNapoli's methods, and uses a number of Joe's proprietary indicators. Please note that Sive's analysis is his own view of the market and is not endorsed by Joe DiNapoli or any related companies.
 
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Hi Sive,

don't you think the pattern on the image effected your view on down move. Новый рисунок.JPG
 
Hi Sive,
you are just amazing!! Thank you so much for your work!
I am really impressed by your analysis!
 
I mean that the formed pattern (Butterfly or Crab) is Buy signal and it is opposite to down move. Maybe it was reason why downward move was not smooth.

Well, this is potential for "222" buy. During the week we've traded downward AB=CD pattern that is a part of "222". And this AB-CD has reached 1.618, as well as daily AB=CD reached 0.618.
This is just a pattern. We need to watch at market price action in context.
 
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