I had a request from a friend to analyze USD/TRY: On daily perspective I saw a nice classical Elliot Wave with double zigzag till point E correction waves. Before starting the analyze I want you to eliminate the harmonic pattern that I draw there; First we start with trends and the potential of opening trade. PA (Price Action) creates trend and trends give us...
EURAUD has completed a bearish bat pattern in a PRZ that aligns with resistance provided by 2 significant trendlines. Missed pivots sit below price to add to the bearish bias. SL is placed above trendlines with target at .618CD. Confluence in the PRZ: 1. Bearish bat pattern completion 2. Significant trendline resistance 3. 2BC projection 4. 2.618AB=CD 5....
3RD Try at posting this! My apologies as I am working off an Ipad and it's VERY difficult to do this on a touch screen! My apologies.Here's what I really wanted to show: The patterns. SORRY! I posted this previously but in the previous post, I used the wrong chart for the main chart. This is the the correct one ***NOTE TO THE PROGRAMMERS" The "visibility"...