Euro / U.S. DollarShort
SHORT ON WEEKLY TF
Price decomposition phase from 2008 has maintained a well structured pattern.
The price ratios unfolding are 1.272 and 1.4472 (a square + inverse of root 5)
The only ratio not present yet is the 278 points decline which is 1.272 progression of 219 points (219 + 2pts = 221)
The 2018 - 2020 decline made 191.98 points decline which is a fractional part of the total 278 points expected.
Using the same ratio 1.4472
191.98 * 1.272 = 277.83
278 points projected vertical points to the first TP point indicated
The price ratios unfolding are 1.272 and 1.4472 (a square + inverse of root 5)
The only ratio not present yet is the 278 points decline which is 1.272 progression of 219 points (219 + 2pts = 221)
The 2018 - 2020 decline made 191.98 points decline which is a fractional part of the total 278 points expected.
Using the same ratio 1.4472
191.98 * 1.272 = 277.83
278 points projected vertical points to the first TP point indicated
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.