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TheLastCoke replied Feb 17, 2010As general rule C can't be lower than A because it might invalidate the pattern but look at yesterday's case when C was lower than A and it worked. I have .3687 (right at middle) 50.0% fibo retra. from recent drop.
EURUSD
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TheLastCoke replied Feb 17, 2010(IMHO) I have this two possible scenarios. 1. When AB=CD (Worked yesterday) url image 2. When history repeat itself. image Coke.
EURUSD
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TheLastCoke replied Feb 17, 2010Steps 4 & 5 — Details of steps 1, 2 and 3. url Step 4 achived: Price retraced more than 61.8% (.3750/.3740 and above) and tried to test .3838 but could not reach it. Step 5: We are already near to the end of this step, (M like ...
EURUSD
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TheLastCoke replied Feb 16, 2010In theory: AB=CD 40% of the time When CD is longer than AB then CD equals 127.2 or 161.8 fibo Ret. (From D to C.)
EURUSD
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TheLastCoke replied Feb 16, 2010I got 1.3784 if AB=CD From A (1.3585) to B (1.3838) = 253 Pips Point B (1.3531) + 253 = 1.3784 url
EURUSD
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TheLastCoke replied Feb 16, 2010Where are we so far? — AB=CD (250=250), When CD is longer than AB it usually go to 127.2% fibo (.3845) or 161.8% (.3930). Just a thought. TLC.
EURUSD