forker

USD.CHF - prepairing to go south?

FX:USDCHF   U.S. Dollar / Swiss Franc
The (orange) pendulum swing is in play.

Blue CL             , Grey A&R, Black U-MLH = nice confluence.

Price is producing "air" between the last bars, shifting to the right so nothing is in it's way to go down to the (black) centerline(?)
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When you say "Air" do you mean the "Space from the last bar highs to the red dotted market "CRACK" line? Just want to clarify
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forker Timing is key
Yes. When markets create a new high or low, then it needs time to build the turn...eating up time and createing space between the higher bars and the turning bars. Between the higher & turning bars you have free space, which i call air ...like a air bubble in between.
+2 Reply
A correction, yes. Makes perfect sense.
In elliott wave terms, the correction duration is important as well.
In time at mode terms, we can observe it to time the duration of the next leg.
It's interesting when I see confluence with timing in key's charts.
I'd like to know what you guys think of eurusd right now, and usdjpy, if you have some time.
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