480 Minute Bars

Prepared by Jamie Saettele
The decline from the February high has me thinking that the pattern from the November low is a bearish triangle. Coming under 8110 would confirm an intra month reversal. Wave e appears to have ended as flat, with the spike to 8300 (which was the 61.8% retracement) completing the pattern. Look lower.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.

