Based on the latest price action, I place ITD 5 high and MTD 7 high as having arrived, and we could be heading to 1.61 in the medium term.
If the ITD positioning is correct, then ITD 6 low should be due around Nov 27.
Friday, November 20, 2009
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3 comments:
Hi Cmellon, its Asher here from DailyFX forum.
Am I right to assume that the Low8 should be around Mid of Dec 09.
Thanks for your time and efforts to prepare these charts.
www.ichi360.com
Hi Asher,
My chart shows that MTD 8 low should be due sometimes between Dec 18 and Jan 15.
Hi C, been sometime since i wrote in. Question. If ITD low is in at 1.628 today is there a chance that cable can go lower in the next few days again towards what you term as mid term looking at 1.61... just wanted to understand the rules on this. and what happens after ITD 6 low
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