Hello all,
I am anticipating this to be the Low for a STRONG REVERSAL move to target area 1.47259 - 1.47406 and even as far as 1.48300. Below are my reasons
Reason 1: P0/P1 Schiff P3-P4 Median Line HIT!
Reason 2: P2 - P3/P4 Price failed to hit ML.
Reason 3: 5 Major Pivots to final low 1.44171.
Reason 4: 5 minor pivots within Major P4 to P5 move.
Reason 5: Notice the 5 alternate bar closes (asterix *) beginning at probable P5 bar. This is another confirming tell that the market is at P5.
PS: The Grid to the right of the chart are areas to watch for key reversals both in time ( T1, T2 etc ) and Price ( % Levels ) on the way up to Target Levels and beyond. Let's see how the moves unfold.
Sincerely,
TIK
I am anticipating this to be the Low for a STRONG REVERSAL move to target area 1.47259 - 1.47406 and even as far as 1.48300. Below are my reasons
Reason 1: P0/P1 Schiff P3-P4 Median Line HIT!
Reason 2: P2 - P3/P4 Price failed to hit ML.
Reason 3: 5 Major Pivots to final low 1.44171.
Reason 4: 5 minor pivots within Major P4 to P5 move.
Reason 5: Notice the 5 alternate bar closes (asterix *) beginning at probable P5 bar. This is another confirming tell that the market is at P5.
PS: The Grid to the right of the chart are areas to watch for key reversals both in time ( T1, T2 etc ) and Price ( % Levels ) on the way up to Target Levels and beyond. Let's see how the moves unfold.
Sincerely,
TIK
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.