X marks the spot. Just want to point out that the .618 retrace on Uchf is a very strong fib level in reference to price dating WAY back. It is very choppy moving up, at some point we will get a deeper correction. The 78% fib may be an even stronger level, especially if price hits it without a correction first. That will line up with the larger fork. I'm not saying...
Multiple cad pairs coming off fib retrace and fib extension measurements that are confluent to their wave patterns. If you watched my Ecad video on my channel, I mapped out a long-term W-X-Y scenario on the larger scale. I suggest you check it out. Right now Ecad is coming off the 1.618 fib extension for a possible wave 4 retrace, which 38% would line up with wave...
NU produced a classic trap pattern around the area that I was looking to. As far as how much it will come down is not quite so clear. Could be a lot. Could just be a 1-2-3 to the trend line and then more up. I wish I would have been able to pay more attention to it and posted the entry at the right time. Entry right at this moment not the greatest idea....
Right at 2am eastern standard. right on cue. GJ sell. May just be a scalp.
You may be better served risk wise to just wait until next week to mess with this. But Cadchf came off the .618 retrace and both trend lines of its impulse wave patterns. I would prefer to see a bull trap pattern before entering but the .38 retrace of what is possibly a wave 3 lines right up with a wave 5 clear out of this smaller wave. That target would make...
This my projected path for Hurricane Eurousd. However... If price action gives us something, I might just take it up for the buy. There is a trend line on the weekly that it did not even come close too, along with a wave pattern on this last wave on daily that is a little sketchy. Right now, as I see it, we are in an incomplete combo pattern, but don't worry, soon...
...How can I explain this... Ok, GJ is a 7 swinging mam-jama. It did one, it is at an Andrew's pitchfork as we speak. Might get a pull down, even a zone bounce. However, as Yoda would say, ending pattern on lower time frames it has done not. The reason I have been looking at GJ is because I see a need for it to break that 151 level or at least test it. It can...
I caught this right at the very bottom but couldn't post anymore yesterday... Refer to recent patterns on Echf and EU on the 4 hr and see the similarities and what happened. Looks like it is giving another buy setup. Sorry for the messy chart. I call this type of triangle into consolidation the "AE Coil". It can just shoot up and break a high and drop, or it can...
EG is at a weekly support and resistance historical level (broke .8700 level). Obviously it went down strong, but it is about at pitchfork. It can continue down, but I would at least expect a running or expanding flat, some kind of structure. Or it is breaking out to the downside for a very rare huge trade. I only drew the letters to point out that it would be a...
Ncad looks to have done a small ending diagonal on 5 min chart. If it was to pull up (which usually when you see that larger structure followed by this pattern... they do) I would want to see it do it from right here.
I am positive on a sell on this right now. I previously posted the buy that you would be up. But the way it broke out of the trend line and made that reversal pattern I love to see it is coming down right now. It is possible that this is just a wave retracement and 38% is all we get but it is over extended on daily, so it could also have trapped buys and be...
Ncad appears to be producing a buy setup. The sell long term (on the weekly) is what you want. Cad is looking like it may retrace. Should Ncad continue to breakout and continue to produce buy setups we may get something that goes all the way up and breaks the high and possibly breaks trend line. Remember that it never reached. I believe it completed a corrective...
May get a correction down to trend line. I am positive on my sell right now. Got 3 pushes up, going into correction looks like.
Looking at the structure, I would think it would break the high possibly. It is also possible it continues up to break the high on the daily, but that would mean Gbp gets really bearish. Just have to monitor price action accordingly.
It should probably at least retest 50% fib but we may get more down. I'm looking to this fork bottom for structure. I can see it making its way up to 78% ultimately considering the measurements so keep that in mind, but it may not.
"But I want you to tell me what it will do!".... But wouldn't you rather I just told you how to figure that out for yourself... You gotta trade price action. Understand when price is at a point that it needs to make a decision. Learn what constitutes a "flag". Watch the videos I make. On the link. They are all free, just me and my friends going over what I see and...