FULL ANALYSIS: EURUSD: WEEKLY CHART (No Patterns) 10/11/2015
Here is a WEEKLY chart that I had posted more than 2 months ago where I was projecting that there would be 2 possibilites for how the correction would unfold. One is a bear flag and the other a triangle.
In the updated MAIN chart above, I removed the triangle pattern as that is not longer in play. Instead, the bear flag is the one most likely to represent ths correction. The red vertical line shows the point where the chart I posted from 2 months ago above ended. You can see how prices have followed the bear flag pattern I predicted 2 months ago.
In the updated MAIN chart above, I removed the triangle pattern as that is not longer in play. Instead, the bear flag is the one most likely to represent ths correction. The red vertical line shows the point where the chart I posted from 2 months ago above ended. You can see how prices have followed the bear flag pattern I predicted 2 months ago.
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