I stopped following Twitter at some point of time but I´ve been curious on, after all the news bombardement and price movement we had in 2016, what price we may expect in 2017? I found a very interesting setup: on first place, we have an ascending fork (labeled green) where the Median Line hasn´t been reached. Therefore, as per Hagopian´s rule, the price should...
The rule of Hagopian says, that if price fails to reach the centerline, it will move in the opposite direction more then from where it came. I have observed this thousand times and the accuracy is insane. 1) the missing of the centerline 2) the start from where price came from...price went back further Now I'm very courious if there is enough juice left to break...
I still expect a pish up on DXY and, as a consequence, a move down on Gold and Silver. Spotted a possible Gartley pattern which correlates with a bounce down from the Hagopian Line of my bearish fork. Will take a short position on a Hagopian re-test or when price breaks back into a bearish fork. SL: 20.50 TP1: 18.70 TP2: 17.90
The Shark I talked about is definitely finished right now. The TL at the bottom seems not to hold. On the daily chart, there are several possible patterns to note (sorry about the messy chart), the ratios are pretty nice 1. AB=CD TP 1.25380 2. Bat TP 1.25436 (pretty tight with AB=CD pattern, so there should be a strong PRZ around 1.2540) 3. Alt Bat TP 1.23662 4....
If price closes above the Hagopian Line, it's likely that pivot 2 (p2 on the chart) level will be tested.