Saturday, May 9, 2020 6:08 PM EDT
Easy math for the new amazing low of the Euro
Here are a beautiful series of moves on the EUR/USD hourly chart that correspond to the exponential series of 5 (5, 25, 125...).
Notice that important price points in the preceding downtrend correspond perfectly with the timing points of the Fibonacci ratios of .382 and its double .764, measured inside the movement of 5 to the third power (125 periods (hours)). (Why not? 5 is the only integer that can derive the perfect ratio never to be touched by any fraction.)
In addition, the low of this low close at 3 pm EST (Friday May 8) of 1.08328 is sitting right on the cumulative average of all closing prices since the major low (at point .764).
Disclosure: Scott Hathaway, any affiliates or employees or associated parties or third party data provider, shall not have any liability for any loss sustained by anyone who has relied on the ...
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Disclosure: Scott Hathaway, any affiliates or employees or associated parties or third party data provider, shall not have any liability for any loss sustained by anyone who has relied on the information contained herein. Material is provided for informational purposes only and does not constitute a recommendation. It has been obtained from sources believed to be reliable, but accuracy is not guaranteed. The views expressed herein are presented as of the date hereof and are subject to change based on subsequent developments. The securities mentioned in this report may not be suitable for all types of investors; their value and the income they produce may fluctuate and/or be adversely affected by news, fundamental company announcements, interest rates, exchange rates, or many other outside factors. Principals may or may not hold, or be short, securities discussed herein, or of any other securities at any time. Past performance is not necessarily a guide to future performance.
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