EUR/USD Daily Video, September 29, 2011

Sive Morten

Special Consultant to the FPA
Good morning,
Situation has not changed much and market has not quite accomplished as bullish as bearish scenario.
Still, in short term market has more chances to show deeper down move:

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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John Jensen

It looks to me like a double ripple sell is forming on the 4 hour spot charts, even though the market hasn't reached daily confluence resistance. Is this a double ripple sell or a lookalike?