This is update 3 for the SignPost after the Whaley Breadth Post. If you remember The Whaley Breadth Trust is a powerful signal that has a great success rate. It was invented by Wayne Whaley in 2009. Since 1970 to 2009, the signal has occured only 12 times! Based on the Whaley Breadth Post and January Trifecta we drew a potential map for the next 3, 6 and 12...
Details on chart. 15m TF analysis:
Short EC based on divergence, trendline break, AB=CD pattern and Wolfe Wave. Taking the more conservative profit target of AB=CD harmonic around 1.393 which also coincides precisely to halfway the distance between the most recent .618 fibo and missed daily pivot from 6/30. A move to this level will complete the AB=CD harmonic. Details on chart. Wolfe Wave:
1. This furious trend deserves correction (check daily/4H charts) 2. KD present on different timeframes 3. bunch of missed pivots below the price 4. Looks like EW ending diagonal pattern formed on the chart Go short on break of the green trend trend line. Target: - initial: unhit weekly pivot at 2.2727 - whatever market gives, it may retrace substantialy,...
Bullish divergence formed just before wedging. The 5m Murrey Oscillator candles are have also turned bullish for the 5m chart. Look for a move higher toward the daily pivot for 4/2. I took this pair long and placed my profit target just below the monthly pivot.
EURGBP Bullish short term divergence between price and momentum indicate a bullish move toward the unhit daily pivot fr April 1st. The April, 2015 monthly pivot will provide a probable rebound target due to its proximity to the corresponding daily pivot and the preceding downward momentum. Selling at T1 with a profit target at T2 will produce a potential profit...
Triple bearish Knoxville divergence in addition to a rising wedge on the 1 hour chart is indicating a bearish move toward the missed weekly pivot at .74765 and possibly a larger move toward the missed daily pivot on March 12th at .72607.