My projection for 2016. I have marked this as "short" however that is for the long term as I believe it will stay within this downward projection for the entirety of 2016, with the exception of the first month in which some movement outside this zone may occur. Happy trading.
(220 ~ 240 RETEST - NOT SURE) 427 FIB - SETEMBER/OCTOBER 2015 650 FIB - 2015 CHRISTMANS SIDEWAYS/CONSOLIDATION ~600 - EARLY 2016 TAKE OFF - MARCH 2016 (4 MONTHS BEFORE THE HALVIN BLOCK) HALVIN HYSTERIA - 800~1200 (2X) - MIDDLE 2016 HALVIN MINI BOUBLE CORRECTION 6000$ END 2016/2017 - (10x) [ Thats my bet. Lets see.
This analysis shows just an simple overview and direction of the EURUSD for this year (2015) The chart will be updated, by time.
testing some new color schemes...
i think , we have down price yet , at that time , i think we see up price
The downtrend is not over. I expect a drop down to the last lows to form a real bottom before we can return to the mean. For more detail please look at my zoomed in version of this chart: