CHF/JPY - The ending diagonal resistance-line near 109.44 about to be tested again

CHF/JPY - The ending diagonal resistance-line near 109.44 about to be tested again

CHF/JPY - The ending diagonal resistance-line near 109.44 about to be tested again 

On June 10 I posted an article saying the the ending diagonal resistance-line near 111.50 was about to break (you can see that post by clicking here). Well I was a wave too early and the ending diagonal resistance-line held for one final decline to 107.13. 

This final decline performed a classic under-throw of the ending diagonal support-line and quick return into the ending diagonal formation, which normally is a strong indication of the bottom being in place. To confirm that the ending diagonal is complete, we need a break above the ending diagonal resistance-line currently near 109.44 and above here will call for a rally towards the origin of the ending diagonal at 117.41, within half the time it took to build the ending diagonal. 

Long term, much higher levels will be expected. 

When a 1+ is highlighted in the right hand corner, more charts is available, in this chart-pack 4 charts can been seen. To see the other charts, click on the chart, which blows it up and in the center part at the bottom a control panel will be highlighted. Use the arrow to see the additional charts.

Darryl
2014-09-14
Love the good work, most accurate I’ve found in my research. Darryl
Thomas
2014-08-11
Sublime Counts!
Duane
2014-05-26
Great job this week!! Wish that I had more capital to capitalize on all of your great calls! The ones that I have managed to catch have been extremely profitable. I really appreciate you sharing you v...