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Coreg's EW+HP+D/W Range

  • #541
  • Aug 20, 2024 8:56am Aug 20, 2024 8:56am
Quoting Fardeen1209
{quote} I suppose we are in wave B, US500 {image} Waiting for external MSS before going short, to reduce the percentage of losing trades. The wave B was a bit longer than i thought.
Fardeen, you are correct. The projection is bigger than 161.8% so possible continuation to the upside after a small correction. Yesterday I posted guidelines for wave 3.

Quoting Coreg2004
{quote} rehmatkhan, that's correct. This should be scenario #1 because it can appear as a first pattern. Swing BC' should have 5 fractals on smaller TF (30N or 1H). Now if this scenario plays out, we need to be ready for the next possible scenario. Down to where?... And so on...According to the guidelines potential wave C should be completed by Aug. 20 at 4 pm NY time. {image} {image}
Always trade your own plan...I don't provide trading signals.
  • #542
  • Aug 20, 2024 10:26am Aug 20, 2024 10:26am
On 5mint, it looks like we have one more leg to the upside Let’s EU complete its correction so we can ride again
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  • #543
  • Aug 21, 2024 7:09am Aug 21, 2024 7:09am
Different possibilities according to both 1hr and 4hr timeframeslet’s if the correction has been completed if not then we may go down little bit for further correction.
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  • #544
  • Aug 21, 2024 7:10am Aug 21, 2024 7:10am
If 1.2997 (high of wave (i)) is not violated GU can push to the upside again.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 08.21 30M.png Size: 40 KB
Always trade your own plan...I don't provide trading signals.
  • #545
  • Aug 21, 2024 7:34am Aug 21, 2024 7:34am
Quoting rehmatkhan00
Different possibilities according to both 1hr and 4hr timeframeslet’s if the correction has been completed if not then we may go down little bit for further correction. {image} {image}
EU would have the monster wave C or 3 if this is the case.
Attached Image (click to enlarge)
Click to Enlarge Name: EU 08.21 1H.png Size: 23 KB
Always trade your own plan...I don't provide trading signals.
  • #546
  • Aug 21, 2024 7:54am Aug 21, 2024 7:54am
Quoting Coreg2004
{quote} EU would have the monster wave C or 3 if this is the case. {image}
From price action, it looks like EU bulls are really strong and the triangle on weekly timeframe which held for a year has been broken so the chances are it can have really really strong move to the upside.
Attached Image (click to enlarge)
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  • #547
  • Aug 21, 2024 8:10am Aug 21, 2024 8:10am
Quoting Coreg2004
If 1.2997 (high of wave (i)) is not violated GU can push to the upside again. {image}
I expect a correction today after fomc, after hitting 3050/60 area today
Intraday only.
  • #548
  • Aug 21, 2024 8:29am Aug 21, 2024 8:29am
Quoting navk
{quote} I expect a correction today after fomc, after hitting 3050/60 area today
navk, it might be the case. Check this pdf if you are still interested.
Attached File(s)
File Type: pdf FREE_EBOOK_The_Law_of_Charts_TLOC.pdf   973 KB | 986 downloads
Always trade your own plan...I don't provide trading signals.
  • #549
  • Aug 21, 2024 10:48am Aug 21, 2024 10:48am
Quoting rehmatkhan00
Different possibilities according to both 1hr and 4hr timeframeslet’s if the correction has been completed if not then we may go down little bit for further correction. {image} {image}
Updated versions
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  • #550
  • Aug 21, 2024 12:17pm Aug 21, 2024 12:17pm
Quoting Coreg2004
If 1.2997 (high of wave (i)) is not violated GU can push to the upside again. {image}
Update...1.3078 for the end of wave 5 was taken out easily. The next 2 levels are 200% and 261.8% @ 1.3094 and 1.3120 respectively. The dollar keeps going down...just a reminder.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU 08.21 30Mb.png Size: 38 KB
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Always trade your own plan...I don't provide trading signals.
  • #551
  • Aug 22, 2024 10:31am Aug 22, 2024 10:31am
Let’s see where the correction ends
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  • #552
  • Aug 22, 2024 11:02am Aug 22, 2024 11:02am
Different possibilities on higher timeframes
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  • #553
  • Aug 22, 2024 12:04pm Aug 22, 2024 12:04pm
Quoting rehmatkhan00
Let’s see where the correction ends {image}
Excelent analysis... the last section of wave 4???
Attached Image (click to enlarge)
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Always trade your own plan...I don't provide trading signals.
  • #554
  • Aug 22, 2024 12:24pm Aug 22, 2024 12:24pm
Quoting Coreg2004
and finally my 3rd instrument I trade -micro S&P futures. Potential bearish bat pattern forming. {image}
Good day in MES. Finally, there is some direction to the downside.
Attached Image (click to enlarge)
Click to Enlarge Name: MES SEP24 (22500 Volume) 2024_08_22 (1_21_40 PM).png Size: 106 KB
Always trade your own plan...I don't provide trading signals.
  • #555
  • Aug 22, 2024 1:38pm Aug 22, 2024 1:38pm
Quoting Coreg2004
{quote} Excelent analysis... the last section of wave 4??? {image} {image}
thanks brother for appreciation. According to my counting, the current wave is the subwave 4 in the 3rd higher degree wave. I am expecting that W4 may correct itself upto 0.382 of fib level. However it may go a bit deeper than 0.382 but for deeper correction, chances don’t seem higher.
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  • #556
  • Aug 22, 2024 1:44pm Aug 22, 2024 1:44pm
Quoting Coreg2004
{quote} Excelent analysis... the last section of wave 4??? {image} {image}
On 30min timeframe, it looks like the double zigzag correction is almost finished.
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  • #557
  • Edited 6:47pm Aug 22, 2024 3:14pm | Edited 6:47pm
Quoting rehmatkhan00
{quote} On 30min timeframe, it looks like the double zigzag correction is almost finished. {image}
As long as Y holds and EU doesn't drop below 1.1098. I keep options open to avoid surprises from the market.
Attached Image (click to enlarge)
Click to Enlarge Name: EU 08.22 15M.png Size: 38 KB

WXY pattern is a complex correction. Any three swings can appear in any order with this pattern. I go with Fibonacci Ratios for retracement when I spot complex correction without trying to label them b/c I can be wrong 9 times out of 10.
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https://forex-indicators.net/cycle-i...waves/patterns
Always trade your own plan...I don't provide trading signals.
  • #558
  • Aug 23, 2024 8:19am Aug 23, 2024 8:19am
for today only...
Attached Image (click to enlarge)
Click to Enlarge Name: GU 08.23 15M.png Size: 42 KB
Always trade your own plan...I don't provide trading signals.
  • #559
  • Aug 23, 2024 8:33am Aug 23, 2024 8:33am
EU for today...
Attached Image (click to enlarge)
Click to Enlarge Name: EU 08.23 15M.png Size: 45 KB
Always trade your own plan...I don't provide trading signals.
  • #560
  • Aug 23, 2024 9:32am Aug 23, 2024 9:32am
Quoting Coreg2004
for today only... {image}
Powell's power to move the market...
Attached Image (click to enlarge)
Click to Enlarge Name: GU 08.23 15Mb.png Size: 30 KB
Always trade your own plan...I don't provide trading signals.
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