4xForecaster

FOREX, METALS, INDICES - What's Worth Watching This Week?

FX:EURUSD   Euro Fx/U.S. Dollar
1285 67 9
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La Direction

14th septembre, 2014
David Alcindor, CMT Affiliate #227974
Alias: 4xForecaster (Twitter, LinkedIn, StockTwits)

Signal Service or Private Course - Contact: admin@KADAInstitute.com
All updates on https://twitter.com/4xForecaster
ADDENDUM - I will re-post each charts as images instead of the live feed, so that the original esthetics version is maintained - A link to the live chart will be offered. All will be featured in separate entries, so as to keep the communication threas organized.

Thank you.

David Alcindor
+1 Reply
4xForecaster PRO 4xForecaster
2 years ago
(Comment removed corresponds to the live chart feeds - this caused too much delay in loading the page - So, following is the still image and a link to the predictive analyses and forecasts of the underlying chart - Thank you - David)
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$EUR - "Wolfe Case" Scenario Sees 1.26696 | #EURO $USD #forex
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$EUR - "Wolfe Case" Scenario Sees 1.26696 | #EURO $USD #forex
+2 Reply
4xForecaster PRO 4xForecaster
2 years ago
Kindly post all your $EUR related charts in this particular thread: $EURUSD, $EURCHF, $EURCAD, ... etc - Thank you - David)
Reply
4xForecaster PRO 4xForecaster
2 years ago
15 EUR 014 - Update:

From Twitter:
-------------
$EURUSD slo-mo to forecast targets; Downside becomes limited:

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via @tradingview | $EUR $USD #forex
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David Alcindor
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IvanLabrie PRO 4xForecaster
2 years ago
Awesome geometric coherence in this chart.
+1 Reply
$JPY Nears Target-High @ 106.614 | $USD $JPY #Yen #Nikkei #forex
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$JPY Nears Target-High @ 106.614 | $USD $JPY #Yen #Nikkei #forex
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4xForecaster PRO 4xForecaster
2 years ago
Kindly post all your $JPY related charts in this particular thread: $USDJPY, $GBPJPY, $EURJPY, ... etc - Thank you - David)
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$JPY Sees Reversal @ 96.710 Before 152.073 via #elliottwave Flat
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$JPY Sees Reversal @ 96.710 Before 152.073 via #elliottwave Flat
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4xForecaster PRO 4xForecaster
2 years ago
Kindly post all your $JPY related DAILY and higher TF charts in this particular thread: $USDJPY, $GBPJPY, $EURJPY, ... etc - Thank you - David)
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$CAD - Trade Opp Using #elliottwave, Symmetry & Fibonacci | $CAD #forex
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Trade Opp Using #elliottwave, Symmetry & Fibonacci | $CAD #forex
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4xForecaster PRO 4xForecaster
2 years ago
Kindly post all your $CADrelated charts in this particular thread: $USDCAD, $GBPCAD, $CADJPY, ... etc - Thank you - David)
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$NZD Nears Bullish Shark Completion; Sees 5-0 Completion #forex
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$NZD Nears Bullish Shark Completion; Sees 5-0 Completion #forex
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$NZD Hit Target; Next: Sees 0.84838 Reaction | #RBNX $USD #forex
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$NZD Hit Target; Next: Sees 0.84838 Reaction | #RBNX $USD #forex
+1 Reply
4xForecaster PRO 4xForecaster
2 years ago
Kindly post all your $NZDrelated charts in this particular thread: $NZDUSD, $AUDNZD, $EURNZD, ... etc - Thank you - David)
Reply
4xForecaster PRO 4xForecaster
2 years ago
15 SEP 2014 - Update:

From Twitter:
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$NZDUSD moving as per forecast since dead-on hit; No change in prior analysis:

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via @tradingview | $NZD $USD #forex
-----------------------

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David Alcindor
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$NZD Hit Target; Next: Sees 0.84838 Reaction | #RBNX $USD #forex
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$NZD Hit Target; Next: Sees 0.84838 Reaction | #RBNX $USD #forex
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$DAX $GER30 - #elliottwave's Flat Completion Still Bullish | $DAX $GER30 $EUR
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#elliottwave
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4xForecaster PRO 4xForecaster
2 years ago
Kindly post all your $DAX related M15, H4 and DAILY charts in this particular thread - Thank you - David)
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4xForecaster PRO 4xForecaster
2 years ago
19 SEP 2014 - Update:


* * * Re-re-post ... Keep on posting the wring date - Today is ALREADY Friday! * * *


From Twitter:
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$GER30 completed an #elliottwave Regular Flat; Hit First Trigger level ... BULLISH?

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via @tradingview | #GER30 $EUR
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David Alcindor
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$DAX $GER30 - #elliottwave Flat Signals Further Advance To 10996 | #DAX $EUR
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#elliottwave Flat Signals Further Advance To 10996 | #DAX $EUR
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4xForecaster PRO 4xForecaster
2 years ago
Kindly post all your $DAX related WEEKLY and higher TF charts in this particular thread - Thank you - David)
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4xForecaster PRO 4xForecaster
2 years ago
@xChampi0nx
"I THOUGHT MAY BE DAX IS WORKING ON DAILY HEAD AND SHOULDER PATTERN"

Yes, VERY possible, but the market ha NOT posted any early reversal confirmation on my end, so from the tool I use, I remains guarded as to this posibility, considering the lack of weakness and paucity of indicator data in support of this bearish consideration - David
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4xForecaster PRO 4xForecaster
2 years ago
15 SEP 2014 - Update:

From Twitter:
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$DAX / $GER30: At top of flag (RED) and #elliottwave Wave-4 move; Favors rallying:

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via @tradingview | $EUR #Forex
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David Alcindor
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$XAUUSD / #Gold - Potential Bullish Shark Completion; Sees 5-0 @ 1289.86 | $XAU
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Potential Bullish Shark Completion; Sees 5-0 @ 1289.86 | $XAU
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4xForecaster PRO 4xForecaster
2 years ago
Kindly post all your $XAU and GOLD related charts in this particular thread - Thank you - David)
Reply
4xForecaster PRO 4xForecaster
2 years ago
$XAUUSD - 14 SEP 2014 Update:

From Twitter:
-------------------------
$XAUUSD reversing @ 1226.67 per forecast target; Now sees 1284.99 next:

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via @tradingview | $XAU $GOLD $DUST $SLV
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David Alcindor
+1 Reply
$DUST - $Gold Could Still Brush $Dust Off Bulls, Flat Out | #elliottwave
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$Gold Could Still Brush $Dust Off Bulls, Flat Out | #elliottwave
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4xForecaster PRO 4xForecaster
2 years ago
Kindly post all your $DUST and other metal ETFs charts in this particular thread - Thank you - David
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$SP500 - Exacting A Top-Reversal Using #elliottwave Pattern | #SP500 #ES
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Exacting A Top-Reversal Using #elliottwave Pattern | #SP500 #ES
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4xForecaster PRO 4xForecaster
2 years ago
Kindly post all your e-MINI S&P500 M1, M5, M15 TF charts in this particular thread - Thank you - David
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$SP500 - #ES Completes Wolfe; TG @ 2031.25 Intact | #elliottwave #SP500
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#ES Completes Wolfe; TG @ 2031.25 Intact | #elliottwave #SP500
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4xForecaster PRO 4xForecaster
2 years ago
Kindly post all your e-MINI S&P500 H4 and higher TF charts in this particular thread - Thank you - David
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4xForecaster PRO 4xForecaster
2 years ago
14 SEP 2014 - Update:

From Twitter:
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#ES Reversed At Wolfe; Holding At 1-4 Line; Forecast per #elliottwave Flat in force:

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via @tradingview #SP500 $SPX
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David Alcindor
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4xForecaster PRO 4xForecaster
2 years ago
15 SEP 2014 - Update:

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David Alcindor
+1 Reply
4xForecaster PRO 4xForecaster
2 years ago
Price just broke above last session's low - Note that there was not much to fight against in terms of market participant (i.e.: volume/spread comparison at the level of the small purple up-arrow).


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In contrast, get ready for a sturdier bearish entrenchment at the level corresponding to the red upward arrow. A respectable session high was attained in volume, and that volume was focused on acting as a stop-volume against a wide-spread bearish spike.

Time-consumptive consolidation would be expected from here on, as price coils up into potential bearish explosives, so to speak.

Cheers,


David Alcindor
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14 SEP 2014 - Worth Watching For The Coming Trading Week:

* * * A WW Within A WW * * *


$GBPJPY - M15: WW
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$GBPJPY - H4: Tiny WW forming at the end of an impulse that started off of a larger WW's Point-4 - H4 chart:
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$GBPJPY- DAILY: Here is the larger view of a larger WW.
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Therefore, expect that the small WW completes into a lower leg, so as to help define Wave-B of a A-B-C pattern moving completion towards Wave 5 (shaded).

In other words, expect a temporary retracement to allow for the completion of the smaller WW, which is the continuation of the corrective's B Wave. After that, it's a move towards Point-5, I should expect - David
+1 Reply
4xForecaster PRO 4xForecaster
2 years ago
Kindly post all your $GBP charts in this particular thread - Thank you - David
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4xForecaster PRO 4xForecaster
2 years ago
$GBPJPY - Speculative Pathway - Worth Watching:

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David Alcindor
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kmk.msp 4xForecaster
2 years ago
whats invalidation level if price go above the point 5 in WW pattern
+1 Reply
4xForecaster PRO kmk.msp
2 years ago
@kmk.msp - Great question.

Very simple: In such geometries, the following proportions are regarded as key:

1-2 > 2-3 > 3-4 > 4-5 (i.e.: in terms of price differential.

Therefore, I would define a Stop-Loss above Point-5 that corresponds to a level up to, but not including the height of 3-4.

Given that:

Point-3 = 175.252

and

Point-4 = 171.090

And that:

Point-3 - Point-4
= 175.352 - 171.090
= 4.262

THEN Stop-Loss from Point-5 should stand at no closer than 4.262.

* * * PEARL: If you do NOT want to have to calculate, simply draw a rectangle from Points 3 and 4, and place it atop the upper border of the triangle, and this should represent the point beyond which price should NOT attain in order to preserve this geometric rule, as follows:


GEOMETRIC HEIGHT ESTIMATION:
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GEOMETRIC STOP-LOSS ESTIMATION:
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Since the length of Wave-5 (Points 4-5) cannot exceed that of Wave-4 (Points 3-4), then a placement of Wave 4's height estimated at the level WHENEVER price touch the 1-3 Line would submit to the geometric requirement of the Elliott Wave's Principle ("EWP") as the most conservative way of defining this ST placement.

Is this answering your question?

David Alcindor
+1 Reply
IvanLabrie PRO 4xForecaster
2 years ago
How's this for an alternative take on the direction it's headed?
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4xForecaster PRO IvanLabrie
2 years ago
@IvanLabrie - Rule with Gann Square is that price moves in a From/To fashion. Here, price moves from a 4/1 rate (in dark Blue) to a 2/1 rate (light blue).

Plus, on a structural level, it broke through the prior higher-high, making this a bullish price for the time being.

David
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4xForecaster PRO 4xForecaster
2 years ago
CLARIFICATION - Re: To/From - ... meaning that price is indicating "wanting" to move to the NEXT level, which would be 1/1 - David
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IvanLabrie PRO 4xForecaster
2 years ago
I see, then I can visualize what the composite index would show if it does go that way. Convergence and support at a higher price level:
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IvanLabrie PRO 4xForecaster
2 years ago
I was looking at the composite index divergence and possible resistance found at the fast MA high. Would match your price trajectory. I had a Square there but erased it, gave me the price targets. (similar to fib)
+1 Reply
4xForecaster PRO IvanLabrie
2 years ago
@IvanLabrie - I for one do not subscribe to the widely accepted (or more like inculcated view) that a bearish divergence signals reversal. It might signal weakening, but I can show you that most of the time, it is in fact associated with a BULLISH trend continuation (yes, bullish, not a typo).

In fact, the author of RSI himself said it: BEARISH Divergences in RSI are associated with BULLISH trend continuation. Of course, there is always that perfect example when this is not true, but is failing in that picture is the observation to the left of price action (not in this chart, but other examples), where the price action will reveal that as price was climbing, the RSI was studding the way up with BEARISH divergences.

So, bearish divergences are a sign of pause, not reversal. Instead, NEGATIVE DIVERGENCES are rarer events than their Bearish cousins, and are most often a signal of actual reversal. In other words, Bearish divergence is associated with progressive, accumulated exhaustion.

Finally: Connie Brown's indicator, which is what I believe is posted in your chart, was built by her in order to signal false signals in RSI. In other words, it exists so as to appear in conjunction with RSI. She uses that CB indicator as a filter of RSI's possible false signals.

In the example she gives, as she filters through for a potential reversal to the DOWN-side, you are to look for a Negative Divergence in RSI where there is a Bearish Divergence in her CB Indicator.

Inversely, as she filters through for a potential reversal to the UP-side, you are to look for a Positive Divergence in RSI where there is a Bullish Divergence in her CB Indicator.

But if you look at it in Welles Wilder's point of view, then you do NOT need a CB indicator, since what she filters out happens to be what you are looking for in RSI in the first place (i.e.: Negative RSI Divergence for a DOWN-side move, and vice-versa).

This is one aspect of her trading with which I disagree. However, I have based most of my research on RSI since I started back in 1997, in the way that was recommend to use by its author. Instead, ALL programs that I have come across continue to talk about "oversold" and bearish/bullish divergences with RSI, which is complete non-sense - David
+1 Reply
IvanLabrie PRO 4xForecaster
2 years ago
I remember, the John Hayden book method. Seemed to point out good quality signals so far, I'll keep studying these diligently then. Thanks for your input and charting as usual.
+1 Reply
4xForecaster PRO IvanLabrie
2 years ago
Yes, John Hayden was as student of Andrew Cardwell. I contacted him about my RSI research results. He only mentioned that John Hayden plagiarized his lessons, which are the lessons that he received from Welles Wilder in person - Supposedly, his lessons are good and available at www.CardwellRSIEdge.com - David

I contacted Mr. Welles Wilder through his DeltaSociety.com group, of which I was a member, but he has never been approachable. A person talking on his behalf mentioned that Mr. Wilder is not interested in any discussion related to the stock market. Sounds like he is done with all of it - david
+1 Reply
IvanLabrie PRO 4xForecaster
2 years ago
Some heated up discussions between those folks, specially Cardwell vs Connie Brown (he accuses her of plagiarizing the composite index as you surely know...) Last chart:
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I'll start demoing some FX. :)
+1 Reply
4xForecaster PRO IvanLabrie
2 years ago
@IvanLabrie - Everybody wants a piece of the pie. I just want peace. And Pi - David
+1 Reply
kmk.msp 4xForecaster
2 years ago
@david. You have exactly answer my question. Thanks for your prompt response david. I have also read that placement of short entry may be defined as given below.
Line parallel to 2-4 from point 3 to right above point 5 give short entry oppertunity.
GBPJPY 15min WW Pattern

Regards
Kashif

Short entry may be placed at 174.683
+1 Reply
4xForecaster PRO kmk.msp
2 years ago
@kmk.msp - What you have drawn is the placement of 5-prime as a point definition, but NOT as a Stop-Loss. So, be careful here. I did not mention this 5-Prime as this is something I assumed you knew, having covered this topic multiple times before. However, the Stop-Loss cannot and should not be determined based in this, ESPECIALLY with $GBPJPY which is known for its price fluctuation. So, SL should be a measure of Wave's 3 height applied to 5 (i.e.: where price crosses the 1-3 Line), so that ALL possible attainment levels would be included in that Stop-Loss placement.

Make sense?

David
+1 Reply
kmk.msp 4xForecaster
2 years ago
@david. Thanks for your answer david. As a student of forex, I have gain lot of knowledge from your models and your teaching style.
Regards
Kashif
+1 Reply
4xForecaster PRO kmk.msp
2 years ago
@kmk.msp - This is fantastic. I am glad I was able to help - David
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4xForecaster PRO 4xForecaster
2 years ago
$GBPJPY - M15: Wolfe Wave:

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David
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4xForecaster PRO 4xForecaster
2 years ago
16 SEP 2014 - Update:

From Twitter:
---------------------
$GBPJPY moving per forecast; Aiming for 1-4 Line

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via@tradingview | $GBP $JPY $USD #forex
---------------------


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David Alcindor
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4xForecaster PRO 4xForecaster
2 years ago
15 SEP 2014 - Update:

Near-Final Outcome:


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David
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IvanLabrie PRO 4xForecaster
2 years ago
This is solid gold...
+1 Reply
nikokoev
2 years ago
Congrats David, you decide put in order the kitchen :)
+1 Reply
4xForecaster PRO nikokoev
2 years ago
@nikokoev - Yes. We'll see how this goes. If it gets too clutter, I might have to break the walls and make a room for each of the Forex pairs - Mostly one room per Major, depending on the demand for it. I am definitely thinking about one on WW alone, considering the amount of charting done on this pattern alone recently - David
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nikokoev 4xForecaster
2 years ago
I dont now for others, but I cant post charts on chat room. That's why I hope your new idea will work, but... time will show.
+1 Reply
IvanLabrie PRO nikokoev
2 years ago
Same, I can only link them there...no images :/
+1 Reply
4xForecaster PRO IvanLabrie
2 years ago
If you right click on a chart a "Save Link Location" then click the right upper zig-zag icon and paste it, a BRACKETED URL will show at the bottom of the window in which you write. This will appear as the image.

David
+1 Reply
nikokoev IvanLabrie
2 years ago
@IvanLabrie I have decision. After David advise to contact with help desk I understand that the problem is that I was open chat in new tab where isnt camera buton. If you open chat from the menu on the right there is such buton. I hope I was explained understandable :)
+1 Reply
IvanLabrie PRO nikokoev
2 years ago
Thanks! I'll give it a try...that sidebar confuses the heck out of me.
+2 Reply
4xForecaster PRO nikokoev
2 years ago
Thank you @nikokoev for sharing the solution to this problem - David
+2 Reply
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