Just for Intermezzo .... Enjoy! Was wandering why such hesitation...here might be Cape Canaveral, check this clean chart.. I delibarately put wxy for down, because in this moment it is trying hard to establish DZZ construction. Good trading!
but not necessary.. looks like Flat as bF with target zone 1,1420/30. Good trading!
This is possible, not necessary, so should not be surprise.. Good trading"
I said I saw NO tecnical reason, well my Bad! I totaly forgot that in Running Flat B exceeds starting point and when afetr London opening started to climb I remembered but was monitoring PA and could not write my observations. Noe everything looks more normal and target of this cF is exactly in mentioned PRZ: The problem here might ne price level 20, which...
I see NO technical reason to go into new HH so here are all possibilities I see.. Flat from here will be sufficient for any of both possible EDs just to remain in channel so I expect we should drop in cF in 1,1280 zone.. what happens there I can not say but pullback is logical and at 50% of whole move we might start bigger cFlat down to 1,1170, or proceed into 5th...
Have to adjust xount..PA went out of any possible channel of ED so I find this Flat for downside.. probability for bigger ED and PRZ around 1,12 is now favourable..we will se in few minutes i think..
...well, I find this pattern ED of cFlat BUT here we have 2 possibilities again: - my favourite is down to 1,1150 zone, below 1,11718 as ED of cF.. - Pink Edition is to go higher as 5th of an impulse... Good trading!
Bunch of ZigZags and ED looks like developing nicely BUT here we have potential Flat for break below 1,1352.. it is valid as long 1,13809 peak holds and it could silently drop more than just 2ED... we will see.. Good trading!
Now I am rather sure we have top in place but I put in chart Pink Edition in case ED 5th is not ended yet.. .. I think we could drop in 1,1270/80 zone today and wait there US Bank Holiday to end, hehe.. Good trading!
She is beautiful but ugly in same moment tool]... like this structure.. IF we exit down channel line then inverted correction would be probably in play because I think wave up would not be finished yet, only in case of breaking 1,10841.. Good trading!
I speculate top is placed and if it is not yet, from here I do not expect much higher without retracing a bit.. I see 3 possible structures: 1st is with inverted correction 2nd, Pink Edition, is with 5th of ED and this one is most dangerous to the upside 3rd, Red One, is with 3rd ED in final stage, possible is not done, maybe 20-30 pips could occure but time is...
If this is not Only For Bulls, then beside my Insight see two more possibilities.. more bullish oneswill start buying just below 1,1272.. Good trading!
I think we are topping now..this complex correction has 4th daiyl upper swing and todays I expect to play the role as 1st one.. on the other hand we have just 2 daily lower swings and for 2nd one I see useless.. 3rd one, I expect it below 1,11708, should play its role..we might get something in between, I am not Prophet, but I really expect impulsive 5 waves move...
I read this leg as D3 of bF.. target zone is hit but maximal height is up to 1,14..now I expect move doen below 1,11716-- Of cousre I have a Pink edition too..the difference is how this move uo developes and LL of course- Good trading!
The structure I follow is not done so at the moment I expect such development. IF I am correct, moves should be impulsive. Good trading! ps top might not be placed yet!! ps2 I wrote as Short because I am looking for this move down and I am Bear to LLs..
Man, I was wrong but second time... Now we hit all necessary targets and fullfiled goals: 50%, Daily swing, Flat (as I read) as 3rd in WXY as bF or evetually as X of DZZ.. a little higher is much harder res9istance, we might get there, or not..interesting is H4 candle, where we can rest until FOMC and then make whatever, up in ZZ above seen HH (or not) or down at...