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Fibs And Trend Lines Present Barriers Within Corrective Waves

Discussion in 'Technical Analysis' started by Kaitlin, Sep 12, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The EUR/USD made a bearish turn at the 78.6% Fibonacci level of wave X (purple) and the resistance trend line (orange). This confirms the development of a wave X (purple) within wave d (green), unless price breaks above resistance, which would indicate that a different wave X (brown) is still[​IMG]

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