Analysis on chart.. diagonal looks to be building here
Comments
IvanLabrie
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My target is 1.33372, based on 4h time at mode signals.
Now, it can fail, which would be really bearish...
Rgmov says down:
If the wedge's valid, we shouldn't see v be larger than iii, this would give us: 1.33251 top nax,
One thing I don't like about the wedge: I don't see any other contracting terminal triangle anywhere on this chart...I do see diametric 7 wave triangles, everywhere.
This contract and then expand before topping, faking out the 'rising wedge' traders.
I'll wait for the time and price targets to confirm the short. Worst case scenario is illustrated by the dashed arrows which point to the profile balance point targets.
IvanLabrie
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max*
IvanLabrie
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*these
moorekapital
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ANTICIPATING PRICE ACTION IS NICE: REACTING TO PRICE ACTION IS KEY 'for me'
IvanLabrie
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Time at mode targets are there, already confirmed, let's see what happens tomorrow.
Deleted
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yikes
thats a fail
Eugene_Titov
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News on CAD are bad(
Nick_C_
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Thanks for the update!
IvanLabrie
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I was under this impression as well, started looking like a terminal there.
moorekapital
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eish!, this waves thing.....mmmm I'll rather wait to do what price tells me
Now, it can fail, which would be really bearish...
Rgmov says down:
If the wedge's valid, we shouldn't see v be larger than iii, this would give us: 1.33251 top nax,
One thing I don't like about the wedge: I don't see any other contracting terminal triangle anywhere on this chart...I do see diametric 7 wave triangles, everywhere.
This contract and then expand before topping, faking out the 'rising wedge' traders.
I'll wait for the time and price targets to confirm the short. Worst case scenario is illustrated by the dashed arrows which point to the profile balance point targets.