chikouspan

SteynTrade SteynTrade USDCAD, W, Long , 5 months ago
USDCAD: USDCAD the cloud (Kumo) is still defining the resistance
77 1 14
USDCAD, W Long
USDCAD the cloud (Kumo) is still defining the resistance
The Kumo is still acting as resistance for the Chikou Span on the weekly time frame. Price is correcting to the bottom of the Kumo on the BC leg of the larger ABCD correction. This is also the LML of the Pitchfork and 50 week SMA. Still expecting the price to rise in the next week before completing the bigger CD ...
SteynTrade SteynTrade USDCAD, W, Long , 5 months ago
USDCAD: USDCAD still on both sides of the cloud
48 0 10
USDCAD, W Long
USDCAD still on both sides of the cloud
The Chikou Span and price is still being defined by the Kumo. After two weeks we are still following the ABCD pattern with price correcting to the bottom of the cloud at 1.33. After this the final leg of the larger correction could occur.
SteynTrade SteynTrade AUDUSD, W, Short , 5 months ago
AUDUSD: AUDUSD remains in the cloud
75 0 10
AUDUSD, W Short
AUDUSD remains in the cloud
I have refined my Wyckoff evaluation from the previous posts on the charts. The Chikou Span has also now entered the cloud. I expect it to be contained by the cloud even after the price has existed. The price has met resistance at the Yearly PP and a potential Gartley pattern is forming. So in July I am expecting ...
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