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- pedro319 replied 14 hr ago
They don't like speculators, surely!
- pedro319 replied 14 hr ago
Best example I can give you, current DXY D1 multiple AB=CD chart.
- pedro319 replied 14 hr ago
I am not sure I have an answer for that but one thing I do know, most of the time the shoulders are AB=CD themselves.
- pedro319 replied 14 hr ago
These patterns are very common after Butterflies. The right wing of the butterfly forms the head of the H&S and the left wing the left shoulder straight away. This will help us reading the market: If it works (breaking under the neckline) we can ...
- pedro319 replied 15 hr ago
It is starting to look like H4 H&S, usually after Butterflies you see one of those, so appearing of this pattern in this location makes perfect sense. We will also be able to understand more about targets or reversal in case of pattern failure. We ...
- pedro319 replied 15 hr ago
1.0660 is the minimum target for this move D1, market can either stop, bounce and even reverse. If it continues down 1.0575 is next followed by 1.0545. Worst scenario for EU 1.0470 that is AB=CD extensions.
- pedro319 replied 15 hr ago
EU For those who were calling for 1.20, 1.0660 has to hold and bounce likely.
- pedro319 replied 15 hr ago
Tks, don't forget to take some at 1.0660.
- pedro319 replied 15 hr ago
Did you just say magnetic trendline???
- pedro319 replied 15 hr ago
First goal done! After that 1.0660, that is the minimum target of this whole move, there you have to make decision, my advice take at least half of the chips off the table. So far it has been a textbook trade.
- pedro319 replied 17 hr ago
We still have the same problem: Gold needs to go higher but so does DXY... Unless there is something else one of my trades is not going to work!!
- pedro319 replied 18 hr ago
The way Macd divergence works, the lows of yesterday should be taken out. That is first goal.
- pedro319 replied 18 hr ago
First reaction (lack of it) tells me investors don't believe in any of it...or they are off to the south of France with Mr. T ! Let's see more!
- pedro319 replied 18 hr ago
We can talk about this later. Have fun!
- pedro319 replied 18 hr ago
I was joking but actually me Dili and Mr. T are working on that as well.
- pedro319 replied 18 hr ago
Let the big boys play now, they like calling each other and pounce in at the same levels, we can't compete with that. Until we start our thread fund!!
- pedro319 replied 18 hr ago
I am always just around the corner and always checking what you are doing!
- pedro319 replied 18 hr ago
Guys, taking a bit of profit and tightening stops is just the right thing to do now because you never know. Probability still with collapse but better to play safe.
- pedro319 replied 19 hr ago
Usually EU likes at least 50% retracement...you also have to take into account the context, the story I have been telling you this week along with the DXY chart. Of course I could be completely wrong and in fact market wants to do something else.