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Tuesday, May 10, 2016 12:50:06 PM
EU Weekly Chart
This one is still the best long term play I see right now. Shorts are going to be the big winners here.
Expecting a new daily low near parity overall but my long term TP is a conservative 1.02. The first 5 waves up count as a big Wave 1 up on the monthly chart. But the first wave up is never the overall low. Wave 2 back down should make a new daily low. At that point, we can start looking for long term long positions but for now, short is the best option.
This one is still the best long term play I see right now. Shorts are going to be the big winners here.
Expecting a new daily low near parity overall but my long term TP is a conservative 1.02. The first 5 waves up count as a big Wave 1 up on the monthly chart. But the first wave up is never the overall low. Wave 2 back down should make a new daily low. At that point, we can start looking for long term long positions but for now, short is the best option.
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