TA discussion, page-943

Good evening all!

The weekly chart is showing some signs of real strength, especially after last weeks bearish candle.... The current formation is not dissimilar to the week ending 13th July, 3rd Aug and 7th Sep in that the bearish weekly candle which preceded these weeks didnt have any follow through to the down side, acting more like a shake out more than anything....

The current price action all points to higher highs in the short term and I see the SP re testing the highs around 1.17 next week some time, then new highs soon after....

We should see quite a strong news flow over the remainder of the year and the parabolic weekly chart is most certainly still in play...