“The time factor and time periods are most important in determining a change in trend because time can over balance price, and when the time is up the volume of sales will increase and force prices higher or lower” - W.D. Gann
Friday, September 5, 2008
Update: Andrew's Pitchfork on EURUSD Weekly chart
EURUSD penetrated sharply the lower parallel support area this morning and the question now is "Will this level hold?".
Looking at the strength of the indicators, I think its probably heading further south to 1.3800 and then to 1.3400 area...hmmm...let's see how it turns out to be.
By the way, this is just for fun...I don't trade the weekly : )
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