Simple's Green Room

[Qui-Gon Kagi]

pennies.......headed out camping with the family here in the next few hours for the weekend so I won't be around again until Sunday but wanted to mention that the inverse pattern relationship with E/U to USD/DKK is definite and remarkable. Thanks for pointing it out to the rest of us! We'll see if your ABCDE pattern is correct next week but I'm curious as to what kind of a wave count you would put to the 4 hour and daily charts on USD/DKK to correlate to your 1 hour wave count. I think the daily shows a long expanding wedge but I don't know for sure. Looks to me like U/DKK is between the 76.2 and 88 fib levels on the prior daily wave up from mid june to mid july. Would you expect a bounce at the 88 level based on your 1 hour wave count? I have the 88 fib priced at about 5.590 btw and my ADR shows 5.595 for the ADR low on my daily chart. Maybe a good area for long position and a bounce on the daily?

And if you look at the weekly chart you can easily see a ascending bearish channel but I can't post a chart with the wave count or predicted price projection so maybe you can. Appreciate all that you share here. In case you haven't read my last post to charger, I'll suggest you put a TRIX (4,3)/BB overlay on your chart below your TDI to watch for divergence on the overlay that the TDI won't always present. Looking back historically on the U/DKK chart you can see many times where the TRIX overlay shows divergence that the TDI does not.

Enjoy your weekend!