6:13 // Yesterday morning I projected for the following two days that Pn will hit 1.10925, will brake 1.10664 and finally will move towards 1.10460. All this happened as to now and for today I expect an incline at least to 1.0762 - 1.078 as well as a further decline at least one point below 1.10664 (the timing can be versatile). There is a chance that after that a consolidation continues since even after yesterdays balancing movements the avarages are still not in order for a remarkable incline - in my opinion. Concerning the macroeconomical environment high volatility is possible. However from a pure geometrical POV I would expect rather low vola today.
Comment:
08:06 // pivot correction: If Pn or Pn+1 reaches 1.10494 the likelyhood of bottoming below 1.10396 is > 1:1.33
Comment:
If LTP reaches the projected 1.078 - 1.078 or higher in the next hours it should drop back again to 1.10564 and close the day at least around that level or lower between 1.10494 and 1.10396. Then all geometrical imbalances are cleared.
If not, we will still see side movement the next xy days.
If not, we will still see side movement the next xy days.