Euro Update

Last post stated that the Euro had made a 9 wave sequence and with high probability of topping for a corrective wave! Well we've dropped almost 100 pips in just a few short hours. The blue Fib is now the active Fib and will revisit it in about 10 hours! :) Keep in mind that the safest trade is to cover or tighten stops when there's three identifiable waves!

E-Mini Crude 5-Min Chart

E-Mini Crude .. beautiful move today..

--Tony

Euro Fibonacci Nuance

The Euro has appeared to make a small 9 waves up from last weeks low. Its last blue Fib projection is still active. A nuance is that when the first inflections projected wave fits the mold for a mature counts last wave it typically means that its the last wave up. Its high probability that we top today and retrace in a corrective fashion. God speed and good trading.

Euro Update

From yesterdays post we where looking for the 1.4220-1.4240 area for a possible reversal. Well we posted 1.42397 and we would recommend tightening stops on any longs! :)

AUD & SILVER Updates

Forecasts originally published yestarday on FXSTREET.COM -

http://www.fxstreet.com/technical/forex-strategy/thetas-pendulum-update-commodities-tech/2011/03/21/
http://www.fxstreet.com/technical/forex-strategy/thetas-pendulum-update/2011/03/21/

Attached are the updated charts from the forecasts..

--Tony