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BrentinUtahsDixie wrote:
>> Does anyone besides me see a well developed Head and Shoulders(H&S) in
> Canadian Doller? Since the 19th of G (Feb) it has been coiling(a possible
> bullish flag). Volatility is relitively low. I see a June neckline at .7048
> with a possible taget of .7273. I count 5 complete down waves from the
> October High and Momentum on the rise.
Yes, looks like a very good buy
Wave 1 was a perfect 50% retracement
First target is the 100% extension at 71.33 then ultimately
the 1.618 extension at 72.58
I'm currently long @ 70.26 after the 70.20 level held on the
test of the lower regression channel (June contract)
Good trading
Alan Sears
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