A-B-C-D Trade - page 248
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PSQ9 with fib channel plot Moon 135 pulled down to Moon 45-degree.
Yesterday's 17:00 high was a -31.4% overshoot of Mars 45.
19:00 hit to FC 31.4
23:00 hit to FC 61.8
Currently, price back up to -25 resistance zone.
08:55 German Unemployment data released was negative. More EU data at 9:00.
After U.S. FOMC Rate Decision and verbiage that cited downside risk to economy, USD strengthened and equities weakened.
Attached is split-screen with EUR/USD on top and SPX500 on bottom.
Both approaching support in pic. EUR/USD with FC 314. and SPX500 with FC 100.
FED Chief Bernanke scheduled speech has just started.
FED just released revised estimates on future GDP and unemployment. Both worse than earlier projected. The Fed is like a lagging indicator.
Split-Screen EUR/USD.
Left chart has GannBox_144 plot on 4-hour:
Start price is Oct 4th 04:00 low 1.31443, so drag arrow there.
prices (height) = 13500
times (width) = 360
Right chart is continuance PSQ9 1-hour. Added horizontal fib plot:
Low = 1.36072 High = 1.38278
**
Price bounced off support GannBox 54 line 1.3650. This area also the 78.6 retrace fib on PSQ9 chart.
EUR/USD
Same chart with GannBox on left. Price up against 1/4_angle8 0, and approaching key resistance at 72 horizontal (50% of box).
Right chart is PSQ9 with Ichimoku. Yesterday's 13:00 pivot was at Mars 270. BAJA bearish divergence also registered.
Last post detailed pivot low.
Bounce up now +130 pips, good place to exit if still in.
3 charts on this split-screen. Added 15-min, which has top of Euro session at MML +1/8th 12:00. Black horizontal fib plot was posted day or 2 ago.
GannBox illustrates aforementioned tuning points, with most recent being anticipated bounce down off horizontal 72 (50% level of box).
Chart on right is 1-hour PSQ9 with fib channels as previously posted. Bounce down found support at the FC 61.8, and was near 100% retrace back to 78.6 fib.
These 3 turns represent several hundred pips in opportunities, AND trader gets in EARLY. Some use their favorite trigger on lower time-frames.
The ECB just unexpected lowered interest rate by 25 basis points today, under new chief Draghi.
France hosting G-20 meeting with Greece the obviously top priority.
News that 2 Greek government officials stating the referendum WILL NOT take place is circulating. It is utter confusion.
Here's the other PSQ9 chart that we rotated in/out, which had horizontal fib plot
High = 1.41714 and Low = 1.38272.
The 3 swings are highlighted by yellow arrows.
1st arrow points to BAJA bearish divergence, and other tools detecting turning point (mentioned in previous posts).
2nd arrow had BAJA bullish divergence.
The 2 hits/bounces at the top were at the master fib plot's High. This happens a lot.
Bloomberg just reported that the Greek Finance Minister made an "official" announcement (10 minutes ago) that they WILL NOT hold the referendum.
Earlier the EU said they would withhold the next tranche of bailout funds to Greece until result of referendum.