My guess is median pull upward (blue ) As long as Eur is dominant. Be careful out there - testing Wyckoff
With this it seems we've finished Accumulation - Not a Wyckoff expert - As always watching Dxy
Investigating Wyckoff theory . Accumulation Phase B - keeping an eye on "Blue" median pitchfork downtrend .
Looking for the "Bigger play " - expand chart to see - we're reaching top of up Channel (black diagonal line) - Dxy might might be trying a bull trap at present - caution and confirmation !! my guess would be a drop stop grab if dollar rises . Note Fib retrace from 2009 / 2011 . Be careful out there . Wkly/ Daily or 4 hr to follow
Well - either er break it now or come back later - if we drop then my guess is retrace $ 58 +/- Dxy important factor - GL -be careful out there .
Seems we've left Major median from Nov. 24 peak / Minor median at present suggests $ 58 minimum - possibly setting for HH ? we'll see . Be careful out there .
Well we're back in the channel-- if it holds then - 57.4 / then green area above - median test . If we break above that then a run for $60 before the dollar rises with the tax bill approval - nxt week ( cheaper buy now more profit on sell at higher dollar value ) ? GL Be careful out there .
Following the median (s) (Red major)( (Blue - minor) ) curious if we see any move up before Sunday Not trading this but maybe down the road when it settles down . Good Luck .
Sorry - corrected minor pitchfork a small amount - changed chart time frame - added fib - GL
Supply /Demand set on wkly chart - battlefront and my guess is bulls want $ 60 which happens to be .382 retrace from 4/2011 peak - coincidence ??
Well this retrace should end - we've hit the median from downtrend - GL -
well we've hit .886 retrace up from bottom I'm assuming we are now starting down trend from Nov.11/17 move up. 1st target .382 /Wkly/Demand zone - eventually .5 - .618 - Dxy should rise from the dead with Tax bill passing . Good luck - be careful out there
Let's se if we hold - new pivot for pitchfork - Eur is my confirmation
Channel(s) top ? -upper pink Trend line - May-June 2015 - different Elliot -test - Divergence ? - Iraq / Venezuela important factors . We've reached high retrace from Sept 28 high - hoping we drop for profit taking. watch for grabs -Be careful out there . GL
This is my reasoning for my "assumption" that we will go short ( Demo) Extend these 2 lines and see influence on present pivots . GL - Looking for support/ resistance .