Hi there, I would like to share with you my view via the cloning technique as this pair has quite clean chart structure. I cloned the left drop via bars pattern drawing tool and inserted it to the right in the blue color for visual comfort. As you can see the current drop looks very similar and if it keep going so then there the correction could appear between 1.7020 and 1.7260 - these levels are not mandatory and we just need to watch the structure carefully. This could be a nice selling opportunity once the correction to the upside would be finished as another drop could be huge as it is shown in the yellow zigzag.
@jeremyankamah161, Hello, go to Prediction and Measurement tools on the left drawings bar => choose Bars pattern => navigate the start of the tool to the initial position of previous trend/area that you would like to clone and the drag it to the end => appeared bars pattern move whereever you want to build the projection of clone
jeremyankamah161
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@aibek, thank you so so much man, I really do appreciate it . I just cloned a GJ move after seeing a pennant flag pattern and it’s starting to take form like the clone. I really do appreciate It.
hello , great work , may i ask what should i read to practice this cloning technique?
thanks
aibek
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@mdgmal, hi, thanks, I just call it like this - the drawing itself is actually called “bars pattern”. I “cloned” preceding downward move within a large complex correction (Elliot waves) and pasted it to the right to show how leg 2 down could emerge.