the EURO and .886

.886 is derived from square roots.

A quick review:

Frequency of a string is:

• proportional to the square root of it’s length
• inversely proportional to the square root of it’s tension

Here’s the frequencies of the equal octave scale of music:

the GOLDEN MEAN is 1.618

square root of 1.618 is 1.27

1/1.27 = .786

square root of .786 = .886

1/.886 = 1.128 sure looks very very close to musical note D, hugh?  Coincidence, I know.

So, to the EURO ….

• daily bullish divergence
• nice 90 day (basic) cycle coming in
• .886 retrace (note how it reacted after every .886 retrace shown (blue shaded rectangles)
• personally was waiting for the 1.27 extension pattern but today’s action doesn’t look like it want’s to get down there.

Conclusion: extremely bearish big picture for the EURO but an A-B-C three wave rally should occur in the coming days.

Author: BART

BART is a CMT and an expert a "advanced" pattern recognition used w/in the intermarket analysis discipline. He's also an accomplished Business Development Executive providing solutions to a myriad of business markets. View all posts by BART