06/02/2016 – Triangles – look SO GREAT after they complete. when your in the middle of one (reference daily/weekly EURO vs USD) you get chopped up and frustrated till you erase your chart and then the c-d-e legs appear. then it’s simply so hard to wait for “e” to complete but you have to …the move out of “e” is “usually” swift and strong … so, this triangle is so perfect in so many ways
- trend line definition
- the length of bc and cd are “usually” .618/.68179 (think music) of the proceeding wave
- none of the moves are showing any major momentum or thrust ….
CONCLUSION: very near a daily triangle completing and then another dump on DB. What the f&^% does this mean for the Euro-Zone and, well, let me just throw it out there .. the derivatives that DB is backing? People lot smarter than me probably know.
Stand by ….