Larger ABC than expected in my previous post on waves, but it was a great gap open, gap fill, then fall to support, so I bought in a few minutes ago. Textbook trade - easy pips. Now hopefully we can catch a decent little bounce from here. I'll be satisfied even with a tiny 10 pip scalp, though.
Repost follow-up post from my last (about elliott wave on the 15 minute). I forgot to hide a fib, and I labeled the post 15m instead of 30m. My OCD won't allow that nonsense to uglify the idea post! =P This is a 30 minute chart that shows the support and resistance confluence targets derived from price data within this frame, the stronger targets of which...
-- A few errors in this. See my next post. --
Just checked out the 15 minute and noticed something. I'd expect a bit more upwards movement for the 2 wave correction within the actual corrective wave we seem to be in, or whatever new wave cycle we're in after a 3-2-3 wave, but it does seem that it has to be more short no matter what is destined to happen next.
This turned into a fun adventure of art and discovery. Leaders Beware: There be Dragons! I'm tempted to call this one a short, but I think it has some more to go first, so I don't want to post "it's short". Sharing the analysis regardless. This is one of my lunatic price maps, I know. Note: I have done a TradingView bug report for this. The vertical lines...
I never look at equities these days, but this is a little experiment I am archiving for my buddy ITM.Trading. We'll look at this over the coming weeks/months. This is not meant to be a trade idea, but feel free to use the price grid alongside your own analysis / trading.
Both weekend gaps filled, but we've been in this wedge between the two candle bodies that hit the same low (before filling the gaps), and the highs which keep getting lower. These things usually wedge downwards, but this market is vicious to anyone claiming to know the direction. I'm posting this idea as "neutral", but it's an interesting and simple technical...
Both weekend gaps filled, but we've been in this wedge between the two candle bodies that hit the same low (before filling the gaps), and the highs which keep getting lower. These things usually wedge downwards, but this market is vicious to anyone claiming to know the direction. I'm posting this idea as "neutral", but it's an interesting and simple technical...
Just sharing how I've been interpreting the retracements after the gap down on open.
Just an idea. Orange dotted line is premarket price at this time. I'm thinking it might try to fill gap, hit support it fell through, then fall to next down support next. We'll have to see with my accurate projections at time of open when TV chart updates. Also, for this chart, I cloned the channel again and have a better grid for more short action.
Cloned the channel, placed 3x from orig. A few updated lines in here from minute charts, I think. Just wanted to post the latest EU grid. Disaster here we come. As with last grid post: Wait until later to call me crazy. This is an exercise for me to admire the results of. Woo. Not a trade entry - just a chart to share for later review.
Mostly complete analysis, I suppose. This is a 720 minute chart. Most of the drawings were done on 240 minute chart. Short was determined in linked idea post, on the daily chart. Below is a picture of various other time frames (still with all of the drawings shown) for reference. Looks like a great short, still, after looking at it more, but I wish I could...
Maybe I've been looking at EURUSD for too long and think everything has to be impossible to read. This chart looks very simple... perhaps I'll find a decent entry price for a short on a smaller time frame, if it's not too late.
Sharing this as the result of a few hours of analysis. Multiple confluence targets have been located through various methods. The color scheme will be familiar if you've attended a webinar of mine, but if not: Yellow is fib extension targets Blue is support Red is resistance Dimmer of anything has been used or was found using less important methods Gray...
No trade idea - I just thought this was very interesting to see. The charts very very closely resemble themselves with all the minor price movement characteristics and structure.