Wednesday, July 16, 2008

Euro hesitates than makes a crown play


I pulled myself out of bed around 9:30 Chicago time right when the lower support for the crown was broken! That's timing for you! My target right now is pivot -> S2. This crown pattern made me think of a question i have never thought of. As you can see on this chart the crown pattern was broken to the upside during London, wait that wasn't supposed to happen? I said to myself would i have traded to the upside if i were up? NO! My original plan was to short and that's what i did, dont buy toppish reversal patterns!

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