Replies to post #71890 on Simple's Green Room

[simplegreen]

Good early afternoon pennies...heres a daily on $DXY and its at a crucial point..the bold white line is EMA(6) which regardless of any other EMA is either dominant above price action to hold one down or below price action to support..a cross and hold here on the 6 would start an uptrend for obvious reasons...the 6 has always been the shortest EMA for finding S/R...so a break above could put wind at its back for a while with clear sailing!

[joanneg]

Pennies Im still studying your wave theory(not gonna lie...u r way smarter than me...LOL) If Im looking at the dollar chart you did with the wave set up, I assume the Euro is opposite of this? God I hope thats not a stupid question. there was a nice pullback On E/U on Friday does that mean the top is in? or just an abc pullback within the longer uptrend? Im so confused as to where its at, so Ive been playing the daily trend, with the 5,15, and 60 min charts. TIA

[daiello]

So it broke under trend-line and support and bounced back up, looks like a bear trap.

[tickettoride]

pennies
thank you for all the work it took to put that together
the monthly chart i posted before shows what looks like a big pennant( I think you called it 1-2 1-2 ) and it is breaking the old support trendline
If this is true I see it dropping a lot lower
If the dollar goes up soon or drops a lot I hope we all make a lot of green pips
have a great weekend and heal up fast
ttr