- Mpt replied Oct 31, 2018
A head and shoulders pattern rarely displays erratic price behaviour. On the other hand, erratic behaviour is most often displayed on the extreme right side of a large reversal pattern. One can argue that the move to 156 completed wave 4 out of 195, ...
- Mpt replied Oct 20, 2018
Yes, this whole Brexit thing is tiring. Perhaps there should be a final realisation that the common market and EU thing was simply a ploy by Marxists to deny the existence of the nation state under an undemocratic and unrepresentative swill and ...
- Mpt replied Sep 19, 2018
Consider the length of the move March/April with this one thus far. They're both around 870/880. Then note the 1.618 relationship (thus far) that each of the Mar/April and August moves have wrt the downtrend move 154 ish /140 ish. (875 x 1.618) not ...
- Mpt replied Sep 18, 2018
Maybe by only a few pips, but still in it's descending channel. GU bang on long term circular resistance. But break up probably suggests reversal back towards 149.5 and above.
- Mpt replied Sep 6, 2018
Agreed. It appears the central pivot for a possibly larger correction sits around 142.5/7 (obviously). Re the overall base, am still unsure, but suspect it may be marginally under 139.5. Assuming this central pivot area can break, I would expect a ...
- Mpt replied Aug 31, 2018
Apologies for not replying earlier. Your post came in during my night time. Frankly, a break over about 147/147.5 suggests completion of the current down trend (IMHO) as such a break would cross a long descending TL, the fib fan 76.4 out of 195x. ...
- Mpt replied Aug 30, 2018
I'm aware that 139.5 never printed. Nevertheless the symmetry of this entire structure wrt that level and the high at 149.2/3 is amazing. The bottom set up a reversal that was tested after break out. The extreme bottom of the reversal (extrapolated) ...
- Mpt replied Aug 15, 2018
My posts June 7 and July 25 still hold. Refer June 7 for the chart. July 25 stated " Overall structure per my post June 7 still intact following what MAY have been a C wave to 149.3. Finally dropped out of the weekly ichimoku cloud. Now testing the ...
- Mpt replied Aug 10, 2018
Welcome back man. I was starting to get worried.
- Mpt replied Jul 25, 2018
Overall structure per my post June 7 still intact following what MAY have been a C wave to 149.3. Finally dropped out of the weekly ichimoku cloud. Now testing the daily cloud. Over about 147.5 negates medium term structure again. Still needs fall ...
- Mpt replied Jul 13, 2018
I thought this forum was about USD/JPY. Or is it about usd/usd? It appears the world's third largest economy doesn't get too much of a mention in this place.
- Mpt replied Jul 12, 2018
148.5/6 top daily and weekly ichimoku cloud. Over 149 negates a nine month long pattern for continuation down.
- Mpt replied Jul 3, 2018
Up. And so be it
- Mpt replied Jul 2, 2018
145.5. Getting squeezed by long term circular resistance. Break up requires a large push. Path of least resistance still a drop under 144.5/6
- Mpt replied Jun 29, 2018
It's Friday. 144.6 break again or hold
- Mpt replied Jun 7, 2018
For what it's worth...This is why I stated a week or so ago that I expected top circa 147.5/148. A fairly long term (daily) diamond structure with a centre about 150x. Predictable as per a bounce from the lower apex, predictable with respect to ...
- Mpt replied Jun 1, 2018
At what point does it cease to be a correction in yr books? A standard diamond reversal would allow for as far up as 147.5/148 before 139.
- Mpt replied May 30, 2018
Should it be in correction it should bounce strongly from here (143x) or about 139 in the extreme. In a reversal it may bounce out of 135/136 ish before down again through 132/131. At this time the daily sustains at totally oversold, but suspect ...
- Mpt replied May 17, 2018
A marginal break wouldn't be a big deal, but lower time frames suggest a pattern may be setting up, either for continuation or reversal.