- October 18, 2011
- Posted by: Ramki Ramakrishnan
- Category: Euro
I hope you heeded the warning about the final chart I presented in the most recent update, that it is just something to watch as a matter of interest. If I was sitting in your trading room, I could have told you that we are finishing the five wave move at 1.3910/15. How is that? Well, take a look at the charts shown here. The Euro followed the same rules and guidelines that I have explained in the book “Five Waves to Financial Freedom”.
By the way, there is good resistance around 1.3785 which is not only a 50% retracement of the first downmove, but also the prior 4th wave of the just completed downmove