EUR/USD Daily Video, February 14, 2012

[Sive Morten]

Good morning,
since market has not closed above 1.3261 yesterday - it has held our bearish pattern valid.
Hence, at current time we have to trade according with it - search possibilities for short:





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.

 

[pringy]

Morning Sive,

If it reverses up after the ABCD move (although it looks like it might have started already), it will look like a bullish gartley too in the 8 hr timeframe? Would that mean that the target short area is at more risk?

And being a "weak" DRPO, would you favour this Gartley pattern?

cheers