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pennies2007

08/07/13 9:53 AM

#120877 RE: Qui-Gon Kagi #120876

Correct Qui. A move below the head would invaliate the pattern. But the TDI contracting triangle breakout and the bearish flag breakdown on EU confirm what I'm seeing. USD/CHF will fly here very soon.

pennies2007

08/07/13 9:55 AM

#120878 RE: Qui-Gon Kagi #120876

Here's the updated USD/CHF chart, Qui. All we did was come back down one final time to test the price action top trend line we broke above. The stage is set for a really nice rally from these levels. Notice the TDI triangle test in progress as well. That TDI is going to start curling up here very shortly, probably at the close of this hourly candle. From there, it's all up.