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A final downside "'washout" ahead ?

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 27, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Nearer term a$ outlook: No change in the bigger picture, bearish view as the action from the Sept 7th low at .6895 is seen as a correction, and with eventual new lows after (see longer term below). Note too that the upmove from that low occurred in 3 waves (A-B-C, argues a correction), the action over that time has been sloppy/messy (characteristic of a correction) and the long held view of downside/potential final "washout" across a number of commodities (oil, copper, etc.) and commodity

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