Dollar multiple counts !!!
Where is the dollar headed to... tagged 114.7 then it has dropped down to 103.45(low so far). Lets look back at some simple counts and this is not trading advice
79.00-121.00= 42pts then 121.00-71.00= 40pts, then from 71.00 to 114.75 =43pts (equal moves), what's different lets see...
1st option:
71.00-89.62= A(1), 89.62-73.00=B(2), 73.00-103.82=C(3), 103.82-88.30=D(4) or (a of 4),88.30-102.99= b of 4(a of E)102.99-89.60=c of 4(b of E)89.60-114.77=E or(c of E) completed and now in consolidation to between 50%-66% = 85.00-93.00 or lower time will tell.
2nd option similar to the 1st option however :
71.00-89.62-73.00-103.82= W(ABC), 103.82-88.30-102.99-89.60= X(ABC) or 103.82-88.30=X 88.30-102.99=a of A of Y,102.99-89.60=b of A of Y, 89.60-114.77=c of A of Y or 89.60-114.77=? this can be either 1or A of Y... see counting is very very confusing therefore 88.30-102.99-89.60-114.77= A of Y, since we are in the B of Y expect consolidation between 98.50-93.75 then move higher
71.00-103.82(W), 103.82-88.30/89.60=(X) 88.30-89.60- ? = Y,Y= 120.00-122.00(100%),129.00-131.00(127%),139.00-141.00(162%).
Happy New Year
79.00-121.00= 42pts then 121.00-71.00= 40pts, then from 71.00 to 114.75 =43pts (equal moves), what's different lets see...
1st option:
71.00-89.62= A(1), 89.62-73.00=B(2), 73.00-103.82=C(3), 103.82-88.30=D(4) or (a of 4),88.30-102.99= b of 4(a of E)102.99-89.60=c of 4(b of E)89.60-114.77=E or(c of E) completed and now in consolidation to between 50%-66% = 85.00-93.00 or lower time will tell.
2nd option similar to the 1st option however :
71.00-89.62-73.00-103.82= W(ABC), 103.82-88.30-102.99-89.60= X(ABC) or 103.82-88.30=X 88.30-102.99=a of A of Y,102.99-89.60=b of A of Y, 89.60-114.77=c of A of Y or 89.60-114.77=? this can be either 1or A of Y... see counting is very very confusing therefore 88.30-102.99-89.60-114.77= A of Y, since we are in the B of Y expect consolidation between 98.50-93.75 then move higher
71.00-103.82(W), 103.82-88.30/89.60=(X) 88.30-89.60- ? = Y,Y= 120.00-122.00(100%),129.00-131.00(127%),139.00-141.00(162%).
Happy New Year
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