on the off chance..., page-17

3.30 fade in action?

AUD has gone just short of 78%fib of the 1.0250 to 0.98

also this last move came to the 138% extension and (for now at 3.30pm) is moving off.

there is a repeating range for the upmoves since January 10th (no chart at present) -
- 0.98 up 1.0020 then 0.9850 down then 161% extension 1.0080 up then down to 0.98,
- 1.0020 up then 0.99 down then 161% extension (yesterday) 1.0150 now down ?

so if downmove continues I am calling a big fall (eg through 1.01 then back to 0.99 .....

But a long way to go before that. Any more than the current high, and that whole scenario is out.

not sure if any of that makes any sense....

:)