Sorry you got stopped out. But did you mean it should go down between the 3/1 and 4/1 area/channel, according to Gann?
Or should that be between 1/1 and 4/1, because of the target 1.1466 you mention?
And of course there is 8/1,that would be the max.,which could be reached, i think?...
Thanks.
MAKDXB
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do you mean is good for short ? Thanks
has1988
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@MAKDXB, depends on timeframe. On long term I still compare this hole situation with 2002, assuming a 16 year cycle. Maybe go down to 1.1466. But first my Take profit will be around 1.1800, around yellow line.
Or should that be between 1/1 and 4/1, because of the target 1.1466 you mention?
And of course there is 8/1,that would be the max.,which could be reached, i think?...
Thanks.