- Newton's Law of Inertia (1st Law): A body in a state of uniform motion tends to remain in that state of motion unless an external force is applied to it.
- And so it is with Trend Following. Assume existing trend until reversal occurs.
- Weekly candlestick bodies bunched around 1.3650 for 4 weeks now. This cannot remain the case for long. At some point (soon), the prevailing trend will re-assert itself, ie EUR/USD to resume selling, CME extreme positioning data notwithstanding.
- Daily is converging into a triangle. Downside leg of triangle is at 1.3560 today.
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