Wednesday, March 15, 2017

6S 40 Month Cycles & Possible 6E Bottom

In recent months of incorporating supply/demand bases into the fold, it's been interesting watching these bases evolve into High Volume Prices, High Volume Area edges, and Points of Control - Interesting and distracting chart clutter.

While implementing a decluttered charting scheme I picked up from Bruce Erickson, I noticed an interesting 40 month cycle appearing with the Swiss Franc.

Another observation is either a possible bottom being put in on the 6E Euro or the establishment of a new channel formation.