Regarding EW:
How do you think about USD/CHF EW count?
It's quite complicated in the corrective wave and make me confuse a bit
Disliked{quote} Good morning Markus!How are you today?How is weather in your location now?Still very hot? Regarding EW: How do you think about USD/CHF EW count? It's quite complicated in the corrective wave and make me confuse a bit {image}Ignored
Disliked{quote} I do not mean to offend you. I just want to help. In Bulgaria I have also seen to draw Fibonacci Retracement upside down. For me it is important that the correct drawing. Otherwise, misunderstandings can occur. https://en.wikipedia.org/wiki/Fibonacci_retracement {image} The first point is the beginning of the movement, and the second point is the end.Ignored
Disliked{quote} Good morning Markus!How are you today?How is weather in your location now?Still very hot? Regarding EW: How do you think about USD/CHF EW count? It's quite complicated in the corrective wave and make me confuse a bit {image}Ignored
Disliked{quote} Godim I have drawn the fibo retracement on both the weekly candles, not on the swings, if that what you mean, in both cases they are drawn from bottom (100) to top (0) because for me they are bullish, the doji is less of an indication and that it is why I have drawn also on the precedent one, when (if) prices pull back and reverses at the confluence I am starting to get interested. I hope I understood what you meant.Ignored
Disliked{quote} I think it's a little confusing. Here's how it looks in the right direction. And how easily do some kind trading plan. {image}Ignored
Disliked{quote} http://www.youtube.com/watch?v=2novTqzwBmU take a look at the UDX count - pretty similar?Ignored
Disliked{quote} I see what you mean, but how do you determine the right direction? the right direction it is only a perception, there are different direction into a major direction, yes in this case prices reached 62% retracement of the recent leg down, but that leg down as not changed the trend, it bounced just below the bottom of the previous swing low, forming a double bottom bull flag and as you can see also bounced from 61.8 retracement of the previous weekly candle (chart) and yes now it looks that can stall or reverse, but in my view the bulls are...Ignored
Disliked{quote} I see what you mean, but how do you determine the right direction? the right direction it is only a perception, there are different direction into a major direction, yes in this case prices reached 62% retracement of the recent leg down, but that leg down as not changed the trend, it bounced just below the bottom of the previous swing low, forming a double bottom bull flag and as you can see also bounced from 61.8 retracement of the previous weekly candle (chart) and yes now it looks that can stall or reverse, but in my view the bulls are...Ignored
Disliked{quote} USDCHF In order for price to go to 1.07xx it should go to 0.84xx first up to 0.73xx....IMO Triangle breakout is the Key most potent one is Red TG.( with an exception of fakey to 0.89) In between is noise ...since it is in a TG....no real direction yet.Ignored
Disliked{quote} USDCHF In order for price to go to 1.07xx it should go to 0.84xx first up to 0.73xx....IMO Triangle breakout is the Key most potent one is Red TG.( with an exception of fakey to 0.89) In between is noise ...since it is in a TG....no real direction yet. {image} {image} {image}Ignored
Disliked{quote} USDCHF In order for price to go to 1.07xx it should go to 0.84xx first up to 0.73xx....IMO Triangle breakout is the Key most potent one is Red TG.( with an exception of fakey to 0.89) In between is noise ...since it is in a TG....no real direction yet. {image} {image} {image}Ignored
Disliked{quote} For market opening. Two important levels of 3315 and 3247. {image}Ignored