CapMoore

Daily Study. Pattern Completion and Risk for a bounce

FX:USDCHF   U.S. Dollar/Swiss Franc
242 35 4
Price has completed a full harmonic ab=cd at 0,87 level
which also perfectly coincide with minor 61,8 D point of
a large AB=CD going back to july 2013             . Will price bounce
from this level, which one could expect, for another leg down
to complete the large ABCD or will it pass through directly.
The extended 1,618 D point of abcd pattern is also in
confluence with the completion of large ABCD and Monthly
S3.
My reedit :
snapshot
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Mirandole PRO Mirandole
Probably useless. Sry guys ^^
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ForceFollower Mirandole
Why useless? What do you imply? Your fork's OK. I read it as 'price in a down trend and likely to retest your white quartile'.
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CapMoore Mirandole
Your chart?
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CapMoore Mirandole
If you comment here, you will explain in understable words what you are talking about.
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Mirandole PRO Mirandole
Because you've probably already seen it.. :)
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Mirandole PRO Mirandole
I am a young new trader and I went to bring something new to you...
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ForceFollower Mirandole
Please be welcome then. :-)
How long have you been trading? Whom did you learn the median lines' techniques from?
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Mirandole PRO ForceFollower
I am 22 yo. I have been trading for around 5 months. I learned trading from the babypips.com school and also from some good traders' books. I am student but I just don't go to school because I make more money with trading than studying. So I study charts 9 hours a day... I hope I'll find some good ride.
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ForceFollower Mirandole
I appreciate your honesty, Serge. But as I am 40 and graduated from the university of economics summa cum laude, I'd recommend you go to school first and start trading for a living only after you've completed your education. Just so you don't regret your decision when you're older. Trading can wait. And also you can study and learn trading at the same time. Nothing wrong with that.
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