Further cyclic analysis in accordance to Hurst techniques...

Further cyclic analysis in accordance to Hurst techniques indicate the following:

Price has fallen over the past 8 bars (last close 0.125) in a generally RANGE-BOUND price movement, in a DOWNWARD FLD pattern.

The first FLD pattern sequence projects a price movement DOWN to a target of 0.1123191

Thereafter, after achieving the lows, the second FLD pattern sequence projects a price movement UP to a target of 0.1643958

I have removed the time targets as they do not fit in with this short term trading forum where we are interested in trading immediate and very short term swings. Suffice is to say that the 34.1d cycle is the ideal trading cycle, with an average potential of 25.5% per half-cycle ie. you can make as much as 25.5% trading the upswing of this cycle based on the computation.

We are therefore close to the price targets, and it will be interesting to see whether these price ( and time ) cyclic projections can be reached or nearly so.

May the best prices be yours

dascore