* Only to measure market movement at its opening // 2h chart ;)
- AB=CD pattern that has been completed right at daily trend line and overbought suggests deeper retracement; - 1.24 as a retracement target area; Find opportunities to enter long; Safe Trades
...as a result of my previous posts... Testing trend line for second time; Again in similar conditions – overbought at trend line; We have upside AB=CD pattern and market already has passed its minor 61.8% fib extension. Minor bounce down is possible, but should not be too significant. Safe Trades
AB-CD from my previous post was erased by the movement above C; Market keeps chances on possible bearish reversal; Bearish Butterfly being forged wih target at 1.34 area, same target as ABCD pattern on monthly chart; also synced with 61.8% retracement on monthly chart. That’s being said, place your "bets", let the wheel turn... ;) Safe trades,
The previous extension was not correct.
If there's anyone that can confirm this double top, please... there's a comments section" below ;)
Let's see if the opening of the market does not fall 200 pips and invalidate the pattern in a tick* ;)
Not trading it, just following, and supporting my weekend studies ;)
I hope it helps those like me who have trouble finding the balance in analyzing these ratios. This ratios are mostly suggested from tradeempowered professionals. (at least supposed)
Missing some pips on B, C and D, lets see if it works... Notes on chart!
It is not the best solution, given the previous price structure below X, which requires an extended stop loss. Notes on chart
Target on chart SL in accordance to previous structure, so, not the very best, but its a Crab...
Targets and on chart Trade with conviction ;)
Targets at 38.2% and 61.8% from AD SL below X
Two possible price levels to enter long at Dollar Index.
Yesterday I visualized a retracement looking for previous structure, today, my target is set to lower fibo-levels at 1.0950. Trade safe!
Lower time frame less likely to happen but that's what we have. Fear it! ;)