D.R.&Quinch
Sergeant
- Messages
- 661
s l hit
As I umderstand sive explanation, we are looking for volatility pullback to 50% or so, which we buy to 61.8 abcd ( ab leg yp being the big move up to 1.27 ext. Can we assume the large drop from last night is beginning of the retrace from 1.27 exten to price 1.26 or so. Would this mean that the drop today in eur usd is the start of the stretch component. If so then we will see save continuation down to 1.29 or so and said etracement in e/jI will wait for DRPO on Daily or something else
I thought the stretch meant down to 1.2950 but we have not been there since the 5th??
As I umderstand sive explanation, we are looking for volatility pullback to 50% or so, which we buy to 61.8 abcd ( ab leg yp being the big move up to 1.27 ext. Can we assume the large drop from last night is beginning of the retrace from 1.27 exten to price 1.26 or so. Would this mean that the drop today in eur usd is the start of the stretch component. If so then we will see save continuation down to 1.29 or so and said etracement in e/j
Or have i totally mis understood the lesson of thes (vob and stretch) ? Any help mucho appreciated