If this does bounce the .500 retrace is ata S/R. Yellow arrow.

Sonic R. System

yep def not looking good for short strength. Would not be suprised to see a whip to 1.4500 again or at least a 50% retrace.

Sonic R. System

sorry thought I put it in.

Sonic R. System

EU at .382 Fib level

Sonic R. System

EU hitting trend line from 5-04-11

Sonic R. System

They always like to go for the whole number so........ After so far down I will adjust SL according to wave action.

Sonic R. System

My target is 1.4302 with a half taken and a SL at 1.4003 which is above the .500 retracement level and still 15 pips profit.

Sonic R. System

went right back through it like nothing.

Sonic R. System

it is also a .618 retracements level. Interesting to see how far the first leg bounces.

Sonic R. System

watch out for the bounce on the double resistance on the EU

Sonic R. System

Thanks!

Sonic R. System

at the rate this is holding up you will have two resistance areas at the same time which is def a warning area if you are short EU. CYAN(level) and YELLOW(trend) resistance bounce. Have a feeling is will follow into the pennant. and eventually ...

Sonic R. System

I love that Volume INDI but I simply lack understanding of how it reads and registers data to really use it.

Sonic R. System

The next 5M wave is going to say a lot. EDIT forgot pic... lol

Sonic R. System

def interesting

Sonic R. System

hmmm triangle resistance both short term and long term.

Sonic R. System

EU down? — hmmm

Sonic R. System

yep.... no matter the system.

Sonic R. System

retracements.382 and .75 on several

Sonic R. System

and..... she bounced to almost the .382 level. 25 pips out of it. I bought at the line and and sold at 1.4450 Fibs do work very well especially the .500 on major runs. .25 is almost a gurantee. Usually .382 is hit most of the time. This time very ...

Sonic R. System