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Hey guys,
I noticed this pattern forming on the euro$ 4hr chart.
As the price is nearing the 38.2 fibo looks to be a nice a,b=c,d forming. So start looking now for reversal signal and conformation to establish an end to this current Bearish correction to the prevailing Bull trend.
Unless it drops below 38.2 thus breaking below the trend line and establishing the need for deeper correction.
Dave
edit: correct me if wrong. Can some one with more experience validate the analysis? I didn't pull measurements, just eyeballing it, as I am still learning this.
Last edited by xxDavidxSxx; 05-26-2007 at 03:37 PM.
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