FOREX PRO WEEKLY December 01-05, 2014

[ochills]

Thanks commander for your reply.
there is no harmony between 2 & 3 drive 1.618fib and 1.272Fib respectively.
thanks commander

Hi Ochills,
well, reaction on butterfly seems OK, since 0.382 retracement has been done... Concerning 3-Drive... Have you checked ratios between drive? Do they keep 1.618 among each other, or does 3rd drive stand on crossing of 1.618&1.27 of 1st and 2nd? IF there is no harmony there, then it is not 3 drive.
Otherwise, 3-drive is also just pattern and it also could fail. That's why it is better to search reversal patterns when you have some background on higher time frames. Say, some solid support on daily...


Probably yes, right from K-resistance 1.2430

 

[Venelin]

Hi Sive and all
This is where Euro stands in very long term IMHO:

 

[Venelin]

Kiwi Weekly chart nice DRPO buy opportunity with reverse H&S(maybe?) combination on smaller TF :


Good luck!