Disliked{quote} Hi Max, Thanks for these charts - I surprised myself by (almost) understanding them! My only question is what you mean by 'aligning daily and weekly outlook'? I can see and appreciate that the move down is suggested, but why to 23xx/25xx?Ignored
the daily outlook is down and the targets are based on multiple calculations that give the target zones indicated with the bubbles. If you follow my posts you will see these target bubbles for trends and corrections on my charts.
so the daily outlook is down and the weekly outlook is down therefore aligned and if the weekly breaks below 1.27xx then this confirms the daily target zones.
You need to pay attention to the timescales and upside levels mentioned, they allow for upside movement without invalidating the scenario, ie: there is always a chance of an intra-day uptrend that challenges an upside number, or a daily one that challenges a weekly number etc, but does not destroy the plan.