GUYS ready to go for long wait for 9888 once come just go for long
that what i am going to do once that done our target is 2.0275
that what i am going to do once that done our target is 2.0275
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DislikedLet's see if we have a PRZ here.
This could be a 5-0 Pattern and here is the definition:
The Bullish 5-0 starts at the 0 point, representing an extended down leg to begin the pattern at X. The initial point X acts as the low of this prior substantial decline. After a quick reactive bounce to the A point, the structure abruptly continues the decline, only to find support slightly past the prior low at X. This is the failed wave 3 or wave 5 – in Elliot Wave terms – that establishes the rest of the structure. However, the important limits from the Harmonic Trading perspective requires that this X, A extension be at least a 1.13 but not greater than a 1.618. After that impulsive failed wave is established, the BC leg rallies to at least a 1.618 extension of the AB length but it does not exceed 2.24. Again, this tight range of 1.618-2.24 is a defining element of the structure. If the 1.618 limit is not reached, the structure is not a valid 5-0.
After the BC leg has reversed from that zone, the bullish 50% retracement is measured from the B point to the C point. In addition, the Reciprocal AB=CD is projected from the C point (an equivalent length of the AB leg) to compliment the Potential Reversal Zone (PRZ). It will take some time to begin to identify this structure but the obvious characteristic is the failed down wave followed by a precise 1.618-2.24 extension. At that point, it is important to The 5-0 Pattern.Ignored
DislikedLet's see the news what it said.
I still see the 50% target @ 1.9886 area according to the patern.Ignored
DislikedNow this is the correct one.
Actualy A-B leg went up more but in side the parameters of the fibo.
50% fib. could be the long signal.
Let's see what happend!Ignored
Dislikedwhat's wrong w cable..reacted too sloww and sluggish..up faster please to the skyIgnored
DislikedNot much of a move after the news, resistance at the 38% retrace of today's run down.
Trend is still down.
But I'm done for the week, just watching now.Ignored
DislikedNot much of a move after the news, resistance at the 38% retrace of today's run down.
Trend is still down.
But I'm done for the week, just watching now.Ignored