Here I did 2 DM projections as regard where EURO index is gonna land.
There are 3 ways to do DM post breakout projections.
1. From uppermost shadow to the trendline - works 60 %
2. From the shadow of a candle with highest close to the trendline - works 90 %
3. From the highest innermost shadow to the trendline - works 90 %
Then you just clone the measurement to the breakdown point and project it. Very simple. Good luck!
Top Absolute Correlation 4 hrs
1 EURUSD - USDCHF -99.1%
2 EURUSD - USDHUF -97.2%
3 EURUSD - EURHUF -94.6%
4 EURUSD - USDSEK -94.4%
5 EURUSD - USDSGD -94.1%
6 EURUSD - AUDUSD 94.0%
7 EURUSD - USDCNH -93.5%
8 EURUSD - US500 93.2% (S&P 500 Index)
9 EURUSD - AUDCAD 92.5%
10 EURUSD - GBPUSD 92.5%
There are 3 ways to do DM post breakout projections.
1. From uppermost shadow to the trendline - works 60 %
2. From the shadow of a candle with highest close to the trendline - works 90 %
3. From the highest innermost shadow to the trendline - works 90 %
Then you just clone the measurement to the breakdown point and project it. Very simple. Good luck!
Top Absolute Correlation 4 hrs
1 EURUSD - USDCHF -99.1%
2 EURUSD - USDHUF -97.2%
3 EURUSD - EURHUF -94.6%
4 EURUSD - USDSEK -94.4%
5 EURUSD - USDSGD -94.1%
6 EURUSD - AUDUSD 94.0%
7 EURUSD - USDCNH -93.5%
8 EURUSD - US500 93.2% (S&P 500 Index)
9 EURUSD - AUDCAD 92.5%
10 EURUSD - GBPUSD 92.5%
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