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What stands out to me the most on this chart is wave volume of the most recent waves. There is a big effort to go up that is visible both on wave volume (1) and volume of the marked up bar, yet price is unable to make a new high. Then we have a big selling volume (2) that broke through the minor support at around 1.35140 and created a potential spring situation. This could be interpreted as effort vs result and bullish, however, the fact that the price spent many bars under the support makes me think that it is rather presence of supply than effort versus result situation. The last attempt to go higher (3) happens on very low volume and makes it a very easy sell trade when this attempt fails.
There is also a bullish story on this chart indicated by a very strong breakout of 1.3505 level but we are quite far from the level.
Thanks. The site won't let me in. It gives me a flash of the page, then blanks it out and leaves a little box labelled "Stat Counter" sitting there in the corner of a blank screen. Not sure what it's counting.
Maybe you have to join something?
Aargh.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
No, you don't have to join, it's public. I cannot access the page/site as well right now. Seems the site is having problems loading caused by a site traffic counter. Should be temporary.
Strange thing is, I have access to it from another computer.
"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
Not for me. I just checked, 2:35 PM EST. It still doesn't want me there. (sob)
It has been noted that it works for some and not for others. Reason not clear.
If anyone who can get in can look around for any explanations they may have posted about it, that would be helpful. But really, don't go out of your way. It's a large enough topic that there will be other sources, I'm sure.
It's just interesting that this has happened. But not crucial.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
Try this one, I converted the website to a PDF file.
"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
