Waiting for direction in EURUSD
I must admit that the action in EURUSD during early March gave me some whiplash. I had pegged the last structure as ending Feb 20 so the action really broke limit boundaries on the last two structs, but I haven't analyzed back to Feb of 2018 so it's possible this whole downtrend since then is connected.
My analysis comes in at Nov 12, 2018. What I'm saying is that this whipsaw action doesn't really fit with what I've analyzed since then but it strikes me as a downward 'exclamation point' so I'm thinking we might see price rise from the 1.06361 low.
If you look at my analysis since Nov 2018 and read the notes you'll begin to see that, in every price structure, there are value points that set up the 'count plan' for the struct early on. In the late 2018 struct the values are 8/12... In the Jan-Oct 2019 struct they are 6/10 (a Dyad as the adding of these values/"FCT's" are Fractured Counter Trends/SLR is a count reset)... again, in the late 2020 struct it's 6/10... and then 2/6 in early 2020...
If you begin to notice some of the math behind these movements, you'll begin to realize that these relationships could not have been created by external events. For instance, in the large 2019 struct with points valued 6/10, notice that if you count only the counter-trend points in the highlighted portion, you get 16 (6+10). Also, the large FCT in the center is a 10 count. The count down to EOS is a 16 and the count from A to B is 10 then B to struct end is 10. Coincidence? I'll let you decide... - EREK DANIELS
My analysis comes in at Nov 12, 2018. What I'm saying is that this whipsaw action doesn't really fit with what I've analyzed since then but it strikes me as a downward 'exclamation point' so I'm thinking we might see price rise from the 1.06361 low.
If you look at my analysis since Nov 2018 and read the notes you'll begin to see that, in every price structure, there are value points that set up the 'count plan' for the struct early on. In the late 2018 struct the values are 8/12... In the Jan-Oct 2019 struct they are 6/10 (a Dyad as the adding of these values/"FCT's" are Fractured Counter Trends/SLR is a count reset)... again, in the late 2020 struct it's 6/10... and then 2/6 in early 2020...
If you begin to notice some of the math behind these movements, you'll begin to realize that these relationships could not have been created by external events. For instance, in the large 2019 struct with points valued 6/10, notice that if you count only the counter-trend points in the highlighted portion, you get 16 (6+10). Also, the large FCT in the center is a 10 count. The count down to EOS is a 16 and the count from A to B is 10 then B to struct end is 10. Coincidence? I'll let you decide... - EREK DANIELS
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