Ok, at trendline. Now lets see what happens...

THV system, final edition

Has not broken down thru trend line, but neither has it made it up thru support/resistance line......still could give a run down.

THV system, final edition

...getting some movement. Lets see if it breaks below trendline....

THV system, final edition

...consolidation....taking up time to take on positions before planned move, imho.....but, we just have to wait and see.

THV system, final edition

A break of this support line could be the start of a run down.....have to watch it.

THV system, final edition

There are times when PA ignores "logic".....central bank and large hedge fund traders need to make their weekly allotment of money, so they just whipsaw it around to do so, sometimes contrary to any logic some might be trying to apply. The only ...

THV system, final edition

Nice channel on 5 chart.....PA looks weak. It could cough up another leg down....

THV system, final edition

Now at trendlines.....lets see what it does.

THV system, final edition

...making progress to trendlines.....

THV system, final edition

Now lets see if it moves up to trendline and sets up for another move down.....

THV system, final edition

...making nice progress down.....

THV system, final edition

This 1 min. chart on EJ shows possibility of new leg down setting up....

THV system, final edition

....EJ, maybe, maybe finally.....this train is preparing to leave the station....

THV system, final edition

This current chart contains the new xpMA and T3MA, and so is different from last posts. These lines are now intersected indicating DOWN direction....

THV system, final edition

...here she goes...."All Aboard!"

THV system, final edition

...made new low......seems the railroad spent a lot of time loading up additiional passenger cars for the next trip......down, would be likely.

THV system, final edition

What do you mean "...on vacation...", Cobra?! You know durned well there is no such thing as a vacation for us disadvantaged retail forex traders!

THV system, final edition

...down to yesterday's high (magenta = 125.45) may be a reasonable first target......we will see.

THV system, final edition

...Possibly another move down in the preparation....

THV system, final edition

Yes, that is what I was thinking, too.

THV system, final edition