Hi Guys, thanks for all the support and messages sent, I am still fighting the flu ,it should be gone in a day or two. Just thought i would post this since there are many request for it . I am expecting it to make some kind of corrective structure then one more down impulse to complete the C wave before it starts to trend up again. If there are any change to structure i will update.
Trade with care Thank you for your support.
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UKOIL
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I am still expecting a C wave down , let's see if it happens.
Hi Anil, I am a new trader and have been looking at past charts for the last 6 months trying to break them down the way you so expertly do. There are very distinct patterns price follows, it might be erratic in the journey price takes at times but never breaching the high or the low once it has been confirmed despite news Brexits or President changes! Learning how and why they do it is fascinating to me. I Just wanted to say Thank you for confirming I am not mad and seeing things that don't exist! I wish you a Speedy Recovery and please keep posting your work. Also I am looking ng at EUR GBP D1 .... Is that a leg B Forming to Go C higher?
ACitizenWhoLivesNearEvent
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Thanks Anil, i hope you get better soon.
OAKS
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Oh no pro, i don't hope the C leg down... could it be like this way
CJ_pips
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@OAKS, I think your bottom trend line is incorrect. I dont think your supposed to draw it from the bottom of the impulse, thats not part of the correction.
OAKS
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@CJ_pips, it is a typical wedge formation pattern mate, you could find it everywhere in the market actually