JahDave
Experienced member
- Messages
- 1,563
- Likes
- 28
I was looking for the 1.3675 - 1.3700 area as a top. The Euro just made the 1.3683 so I just went short for probably long term. Also, I had said several weeks ago that i thought the dow jones move up was over or almost over. I have had a target price based on fibonacci levels of 12,361. The dow just made 12,373 at the same time the Euro made it's high. Good Trading Everyone, things are about to get volatile.
Actually when I manually calculated the Dow Jones then The 76.4 fibo level came in at 12,375.57. It did go a bit higher than that on Friday, but I'm still pretty positive that the long term top is in place. As for the EUR_USD.........I guess I should have waited to the 1.3700 level instead of selling at the 1.3675 level, but I sold at 1.3675 and sold more at 1.3700. I will not sell anymore until a five wave move down and a three wave move back up...The Euro should go below 1.3424 on this run down and then use that level as resistance before going even lower.
Good Trading Everyone,
JahDave