ITD 6 low (1.634) has been broken, which means MTD 3 high position has been confirmed at 1.704.
Both Intermediate Term and Medium Term trend are bearish.
Intermediate Term trend is DOWN until around Aug 24, or possibly 1-2 days later than Aug 24. We should take out 1.627 by then.
6 comments:
cmellon,
Thanks for your blog. I see your charts are Dynamic Trader. I also have DT with Matrix Cycles, but don't have the data to put into the Matrix Cycles editor. I curently use Advanced Get with Delta turning points because of this. Is there a place where I can get the data files for the Matrix Cycles editor, or did you create your data files by yourself?
Thank you very much,
Rick
Hi Cmellon,
Thanks for your chart. This seems to be agreement with my analysis for the same pair.
http://www.ichi360.com/?p=654
Asher
Hello Rick,
You need to create the data files by yourself. I assure you it's a pain and takes a long time to set up as you literally need to solve Delta ITD, MTD, LTD for many cycles and calculate the average.
The steps to make it is explained in Steve Copan's latest hardcover limited edition book Market Matrix.
Hi Asher,
Thanks for stopping by. It's indeed coming exactly as we projected :)
Hi C, thanks for that. What's your count on the LTD timeframe?
yolanda,
LTD 17 high position is not yet confirmed. We'll play smaller time frame ITD and MTD while waiting for time to reveal LTD position.
Only a break of 1.598 will confirm that LTD 17 high has arrived at 1.7.
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