Re: Trend Reversal Prediction
Yesterday 6/8, appears to have modified Scenario 2, described in Post #14 above.
At this point, timing indications point to the current correction, which started on 4/27 for the EUR, to now continue at least through 6/21-6/22 which is the next 'Phantom exchange point'. Recall in Post #14, I decribe the fact that the time period 6/1-7/18 actually contains 2 epochs, and in Post #16, I descibe what a 'Phantom exchange point' is.
Scenario #2 is now modified as follows: I expect the current correction to continue at least until 6/21-6/22, (lasting for 2 epochs -> 4/27-6/21). Then I expect a *brief* resumption of the uptrend until the 7/13-7/18 Exchange point, (lasting for 1 epoch). At that point, (7/13-718), I expect the downtrend for EUR to resume.
So in summary, I am still projecting the same outcome by the 7/13-7/18 Exhange point, just the interim swing point, was changed from 6/1 to 6/21-6/22, still occurring within the same 3 Epoch window (4/27-7/18).
I would also be interested to hear FXHolic's latest projections, as both our recent projections (arrived at through different analysis techniques), seem to point to similar outcomes.
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