Timing is key

Anticipating a price failure trade with an EP!

FX:GBPUSD   British Pound / U.S. Dollar
694 35
As this market completes an expanding pivot at P5 it is also a nice megaphone pattern that has already breached a lower parallel of the smaller pitchfork and is now challenging the same on the larger pitchfork . It is also just bounced off the 0-4 line which if breached should see more downside based on the larger weekly down trend ( see linked chart )

There is also a nice price channel that has had three tests to the downside, so I have completed that number down via the blue stair steps. I also have the reaction line target using pivot 3 as the highest point and the 0-4 line as the centre line. Lets see how this unfolds


Tik sir any way to predict the EP top pivot(P5) ending area .
Mr apollo12,
Your question is valid, however to put it into context, after swing 4 bottom is in we are looking for 5 to confirm down, once it breaks the lower parallel after failing to reach the median line an entry can be placed as the probability is good that the reversal will exceed the price failure swing. To pick Pivot 5 is difficult but not impossible. I have seen some of his charts pick the P5 extreme to the pip with the use of converging reaction lines. I have done this also on an earlier chart I posted however unless you understand action/reaction method you will not know the importance. Thanks again for your question
Timing is key Timing is key
Sorry I am refering To Dr Andrews Charts
apollo12 Timing is key
"I have done this also on an earlier chart I posted....."which chart ur referring to ,Pl can u give the link.thanks for ur cooperation.
Here is one, notice the converging lines hit P5:) enjoy

Timing is key Timing is key
not updating anymore, however reached target
apollo12 Timing is key
ok, o-1 CL(P3-P4) and 0-3 Cl(P1-P4) so u ar hinting towards using another set of ar line to get P5.
There is no hard and fast rule with picking centrelines. The red line going from P0 through P5 is actually a median line for P3/P4 I drew LAST once P4 was confirmed I used P0 handle further back instead of P2 ( which Andrews say's is fine ). The P1-P4 Centre line picked P3 ( from P1 action point ) so I knew it was a good CL to use so if you notice the swing low between P0 & P1 is the action point I used to get P5. Thirdly I had P3/P4 Centre line and used P2 as my action point which also trans-versed P5. So I had 3 converging lines giving me an indication ( a coordinate ) of where P5 Top was likely to be. I generally use multiple centre lines within the 4 pivot cycle to see if I get an area where P5 could be made. Once the market meets the cordinate area and reverses I look for a technical entry to go short in this example. Hope that makes sense. Sincerely, TIK
apollo12 Timing is key
"So I had 3 converging lines giving me an indication ( a coordinate ) of where P5 Top was likely to be. " is this is Dr andrews describe as "Where lines converge with price, a pivot (P) is formed"?
You got it!
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