Mr Glenn Neely in his book MEW asserts :
Breaking a trend line that connect W2 bottom to W4 bottom in less time that W5 consumes is sign that the impulse trend is over (at list in lower timeframe).
Also Mr Robert Miner believes that when DT oscillator reach Overbought zone we have at least 4-6 days side ways to down and we should wait for next look back.
As we forcast before we are at very initial stages of bullish trend in EURO . But after a bout two week of bull trend correction is inevitable .
AS you see in the picture we are about to break W2 to W4 bottom (black trendline) and in daily timeframe DT oscillator is dual look back overbought. Both these two reason confirm a correction for EURO for at least 6 days .
Want to re-enter for next long setup?
follow us :) We will update this pair( and other EURO pairs) for setups with low risk and high outcome .
you can see our longterm entry and analysis of EURO's in links under here and see how accurate was our entry :
EURUSD
EURCAD
Breaking a trend line that connect W2 bottom to W4 bottom in less time that W5 consumes is sign that the impulse trend is over (at list in lower timeframe).
Also Mr Robert Miner believes that when DT oscillator reach Overbought zone we have at least 4-6 days side ways to down and we should wait for next look back.
As we forcast before we are at very initial stages of bullish trend in EURO . But after a bout two week of bull trend correction is inevitable .
AS you see in the picture we are about to break W2 to W4 bottom (black trendline) and in daily timeframe DT oscillator is dual look back overbought. Both these two reason confirm a correction for EURO for at least 6 days .
Want to re-enter for next long setup?
follow us :) We will update this pair( and other EURO pairs) for setups with low risk and high outcome .
you can see our longterm entry and analysis of EURO's in links under here and see how accurate was our entry :
EURUSD
EURCAD
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