vendredi, novembre 30, 2007

€/$

On this long term chart of the EUR/USD you can see that the target of the ascending triangle was recently reached.
But was is amazing to me is the nice Fibonacci correlation between the waves.
For instance : W3 =1.618*W2 around 1.492 and W3=0.618*W1 around 1.5.
The 1.4967 top was right between these levels.(thank you Karel !)
Also Wave 2 retraces 38.2% of Wave.
Who says that the market is "a random walk"?

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