Hi hollowhead. I didn't see euro break 1.3652 or were you referring to its previou move up to 1.3832?

Are support and resistance levels predetermined?

so nice to hear some truth about SR zones... people say it gets stronger but this is completely false... nice T! 3640 is my gateway to 3687 and beyond... i hope we don't break this level and can continue down but hope doesnt help you in this game...

Spider's Den

my view exactly

The Club!

so would you say market is fixed and also pre determined? based on algorithms rather than buying and selling?

Elliott Wave Trading

there are many unanswered questions we need bobi for... for example his findings of extreme bear and bull levels.. these were fantastic... SL - even though bobi said he doesn't use a SL but hedges instead... he knew of reversal areas in price - ...

Are support and resistance levels predetermined?

So I expect the 61.8% may hold before moving higher. Whenever that is.

Are support and resistance levels predetermined?

Haha i was way off with mine.. Thanks!

Are support and resistance levels predetermined?

this is no way come from bobi.. iam just experimenting and you should also do the same if you wish to use it but give 1.3490 base line a try for t3...

Are support and resistance levels predetermined?

ya i have resistance at 3512 and 3540 which is the gateway to 3585.. at the moment also 3475 may hold for a scalp but targets are still lower down... on the bigger picture i do still have 1.41 levels... actually 1.4430 to hit but also means we can ...

Spider's Den

[/QUOTE]agree... however my post was referring to short term moves at the moment if you look at T103... we broke below 3458 which indicates a 47 pip move down to 3411... this also causes a breakout from T680 where 3480+59pip = 3414 ...

Are support and resistance levels predetermined?

do you mean correcting to 3550-70?? EDIT: yes you did - sorry didn't look at your chart until now

Spider's Den

T103 has violated to the downside so we should be expecting to see 1.3411... this also violates template 680 which had a target of 1.33... to the upside we can break 1.3537 +7 to hit 3585 first... but lets see... eyes on shorting still...

Are support and resistance levels predetermined?

so we are sort of back in no mans land... i know that price needs to hit 3414.. resistance is at 3539 which will be the gateway to 3585.. support is at 3475

Spider's Den

Bobi indicated he doesn't use a sl - instead he hedges as price can reverse to meet the opposite target first but then will come back to meet its target

Are support and resistance levels predetermined?

Cool thanks.. I had t4f confused with t4y where t4y is monthly. Thanks.. So technically speaking we can 103.. 10300 and get a if picture of euro's path..not at home yet but it may show the 4431 path for eu.

Are support and resistance levels predetermined?

Hollowhead.. this is really good what you've done for analysis collation... I will start to do the same... I never saw a template 1030 here for EU on the thread.. could you please give rules and baseline for this template? also your 220 pip template ...

Are support and resistance levels predetermined?

3480 hit... 3421 is support for more down move... so i expect we will retrace around here or possible at 3460-80 area... one thing to note is we've just sliced through some strong supports so I would not be surprised to see this keep slicing down ...

Spider's Den

1.3480 was a level coming on template 680... which we've hit... we are now entering a zone where bearish can get more bearish... 1.3421 is the support for this... looks like euro want's to keep going but we didn't break 3480 yet... as far as I can ...

Are support and resistance levels predetermined?

Hi Markus... we got FOMC coming shortly so maybe a dip once more then rise... we haven't climbed yet - i presume it wants to make a new low then rise... I believe we should be hitting 3480 at least but that doesn't mean to say we climb up first... ...

Spider's Den