Previous pair consolidation triangle projected to complete at 728 days, and break out happened at 525 days, 72% of completion of the triangle, which lines up perfectly with Bulkowski's average of 60-70% break out of this pattern to the upside. The current consolidation triangle is projected to complete at 469 days, with a break out scheduled for early to mid Feb 2016, using the 72% ratios of year 2000. It is also good to note the time of year this pair bottomed last time, September/October, the most volatile time of the year for stock trades. You will note that the SPY and the CL1! comparisons are hidden, and I did that so you can see the chart. I will add them to my next post, and although they skew the chart so it is difficult to see the EURUSD pair chart patterns, it will illustrate the time of year, the relation OF THIS PAIR TO THE STOCK MARKET CRASH OF 2000/2001, WHICH IS THE POINT I AM MAKING HERE. The spx500 broke below its 200 day MA significantly, after 4 attempts, on 10-6-2000, which is exactly when the EURUSD pair bottomed. And after a failed back test of the 200 day MA of the spx500, never looked back and in 180 days dropped 30%.
