CLIFF NOTES: the flat correction we have been watching develop has been hit.
CLIFF NOTES 2: wanted to point out that we have been working w/ the EUR vs USD that, some could argue, is one of the biggest and most liquid instruments in the world. All of this work has been done based on PATTERNS. If you search “EURO” and go back over this blog you’ll find that most, if not all, of the inflection points were forecasted BEFORE they happened and you’ll also see ZERO moving averages, oscillators (I did use the RSI zones for gameplan constuction), Stochastics, MACD, bands, etc …no, in the end, once we CLEAR OUR CHARTS of nothing but PRICE and TIME the PATTERNS emerge. Just a note …
Strategy is crucial here … need the “break” and then the first pullback to SHORT. Still have 1.3747 and 1.3800 area’s to play w/ so being patient is, again, the key.
ENJOY …
