hi djg, i think that for Sive would be highly demanding (it should keep us up to date all the day, and may be this isn't compatible with his job). Also, may be FPA would not be so happy (because we won't use the forum but twitter).
I've been looking at Thomas DeMarks trend line breakouts and suggest that we have one on the daily timeframe.
If my sums are right the targets come out as 1.3373 (T1) and 1.3336 (T3). Not shown on this chart there is a K area about 1.3005 which is a good option to place a stop below. The DeMark trade stays valid if the price doesn't close back below the resistance line but that requires risking more pips.
Ty lolly. Im not sire thia qualifies as an ending diagonal. Ed usually a wave 5 after an big over extension of price. This si far does not look likr consolidating price action. Just my understanding of it.
It seems short term bearish but the The butterfly sell is still valid until yesterdays low is taken. However there is also a double top that support some bearish scenario...
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