On the 1H?
DislikedHi, Can you please show point X here. I am just learning about these patterns. ThanksIgnored
DislikedPerfectly inline. The only aspect that effects our Bias at the moment is that price has breached the upper Trend line on the weekly chart. My speculation is price may continue to push upwards as the RSI swooped below 50 a few weeks back and is currently pointing northeast!
until an upward channel gets broken to the down side we are cautiously bullish. The reason I say cautiously is if you refer t the 1H chart price is making a 4th stab at the lower TL.
In this up channel that is the first time this has occuredIgnored
DislikedYes - as it occurs. nice mock up by the way!Ignored
I too have the same ABCD completion on the 4 hr chart. MY question is ( even if it not a valid completion ), what is the normal retracement after such a completion if any? Do you draw fibs from CD leg or any other fib, or is the retracement random at this stage?
Another question. On the template you provided I have the IBFX Daily Pivots on the right top of screen. As I don't trade with this broker, the pivots are locked at the same value as when downloaded. I have tried to remove them but they do not show up in the indicators box when I...Ignored
Dislikedthanks mate. this what i see for mid/longterm . can i have your opinion on that ?
( only AO, fibo and manual drawing )Ignored
DislikedI'm sorry I don't speculate over the long term. I am intra-day and how it effects my trading right nowIgnored
DislikedCan anyone explain what the indicator means by a bullish abcd pattern?Ignored
DislikedI would like to point out an observation I just made. Notice on the attached chart that price has moved to and is currently favoring the lower trend line. Notice also if you will the AO's momentum is slowing to the downside. Again until there is a break out of the lower TL we are cautiously bullish
When you take a trade from a higher TF and you have locked in profit, drill to the lower TF's to get a better picture of the "underlying chaos". If the lower TF's paint a signal or gives a reversal indicating that your locked profit might be taken...Ignored