Short

EURUSD

By trajkovic

Updated

06 - 10. 03. 17

T1 5210
T2 4969
T3 4729

Note

ZOOM IN OR OUT TO ALIGN GREEN DOWNTRENDING LINES WITH FEB27/28 TOPS

Note

Manipulate Zoom and the price scale in tandem to align green downtrending lines with Feb 27/28 tops

Note

Two lower horizontal lines in black represent support levels. Reverse fibonacci extends from 50% (mid distance) upwards so that 0.236 extention matches 1.0521 support. 100% extention (1) is the price to enter short position. Stop loss at 1.236/272 or at strong resistance that aligns with 1.382 Progression/Regression lines are two intervals apart and are used to determine price direction to confirm fib validity. Since I can not predict the angle I take equal leg triangle (adjusted) to predict price range and crossovers.

Note

Green lines are tangents of Fib Circles put on recent extremes (Low/Hi ranges). In this case they align perfectly with Feb 27/28 tops

trajkovic

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