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EURUSD only

  • #96,361
  • Oct 15, 2019 1:42pm Oct 15, 2019 1:42pm
If you are interested in mathematics you can use this formula,
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Neither a Bro Nor a Pro I am I
  • #96,362
  • Oct 15, 2019 2:24pm Oct 15, 2019 2:24pm
weekly chart

trend line breakout done, maybe now bulls
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  • #96,363
  • Oct 15, 2019 2:31pm Oct 15, 2019 2:31pm
Quoting raju0189
weekly chart trend line breakout done, maybe now bulls {image}
Agree, Raju.
I am bullish on monthly and weekly too. Just trying to catch some short pips on daily and smaller TF.
  • #96,364
  • Oct 15, 2019 2:37pm Oct 15, 2019 2:37pm
Quoting bigiivan
{quote} Agree, Raju. I am bullish on monthly and weekly too. Just trying to catch some short pips on daily and smaller TF.
maybe both same setup
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  • #96,365
  • Oct 15, 2019 8:08pm Oct 15, 2019 8:08pm
The clear five-wave rally from 1.0878 suggests a setback is underway. If it
unfolds in three waves and ends no lower than 1.0878 we will deem it a correction and anticipate
a rally in wave v that exceeds 1.1065 or probably 1.1137 if an ending diagonal is unfolding wave v will
unfold in three waves, so a second five-wave rally will complete the movement.
Neither a Bro Nor a Pro I am I
  • #96,366
  • Oct 15, 2019 8:33pm Oct 15, 2019 8:33pm
Quoting satish37
The clear five-wave rally from 1.0878 suggests a setback is underway. If it unfolds in three waves and ends no lower than 1.0878 we will deem it a correction and anticipate a rally in wave v that exceeds 1.1065 or probably 1.1137 if an ending diagonal is unfolding wave v will unfold in three waves, so a second five-wave rally will complete the movement.
You missing two waves =P 3 become 1 making 7 look like 5.
Founder of Sutherland Wave Principle
  • #96,367
  • Oct 15, 2019 9:43pm Oct 15, 2019 9:43pm
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Seems bullish... Say hello to 1.1086
  • #96,368
  • Oct 15, 2019 10:17pm Oct 15, 2019 10:17pm
Today will be slightly similar to yesterday. All eyes on 1.1037/47... Will it break or bounce? We will see..

Stay Green
Focus only on what truly matters!
  • #96,369
  • Oct 15, 2019 10:35pm Oct 15, 2019 10:35pm
Quoting suthmo
{quote}You missing two waves =P 3 become 1 making 7 look like 5.
your chart please ?
Neither a Bro Nor a Pro I am I
  • #96,370
  • Edited Oct 16, 2019 12:36am Oct 15, 2019 10:54pm | Edited Oct 16, 2019 12:36am
If wave 6 is done down the target is 1.1180 now. Wave 6 limited to lowest 1.09.
Need to verify wave count and projection for the whole move down last couple days to see if it's really done.

update:

Wave 6 limited to lowest 1.09 MY MEDIUM TERM VIEW IS STAY LONG ABOVE 1.09. I think it cant drop below this level for a long time.
Founder of Sutherland Wave Principle
  • #96,371
  • Oct 15, 2019 11:18pm Oct 15, 2019 11:18pm
Let's look at the obvious situation here. If we are not breaking higher highs why would we be bullish? Overall I am speaking. On day hand yes, get your longs get your shorts, no issues. Big picture situation, bulls have yet to make a higher high. Safe trades bears/scalps for bulls. Could this turn around of course it could none of us dump billions to change it we just ride the waves.

IMO: Break Septembers high will talk bulls
Bears: Finish that channel 1.087-1.083 area
  • #96,372
  • Oct 16, 2019 12:46am Oct 16, 2019 12:46am
H1 Status Update

For my followers: For now it again, looks like Flattish-Bullish (candles are above the flat GREEN line)...

  1. While waiting for London opening I still think that my MOFU candle will drag price down to its opening price: 1.0993 area! (Marty might go back to the future lol) But for that we need a BLUE TL breakout first.
  2. Bulls have to break above yesterday's London opening price: 1.1039, but to do that they have to achieve a RED TL breakout and currently I think that's what they are trying in a sneaky way.
  3. I prefer to wait... maybe I keep selling 1.1039 area again and again.. I don't know yet.. London will tell more..

Stay Green

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Focus only on what truly matters!
  • #96,373
  • Edited 1:16am Oct 16, 2019 12:52am | Edited 1:16am
Cant fit the waves into any count that confirms the downside is done or produce a core projection target. We're in main wave 6 sub wave 6.
We have to check off two wave 6 termination points in two degree's.
Wave 6 limits to hit going up here for the lower degree waves. And back down to 1.09 for the outside degree 6th.
And then on up into outer degree 7. Then the outer degree wave completes higher degree wave 1 and a wave 2 comes down.
Overlapped interlocked infinite series of 7s.
Breach of 1062 = all 6s we're done and we're looking at wave 7.
I'm only 1 who gets it don't feel bad.
Probably wrong count we could still be in a component of outside wave 5 I have to confirm that or disprove it to myself here. update: seems unlikely looks like a complete 5.

HERE WE GO... It's on the 88. Pinbar rejection.
Founder of Sutherland Wave Principle
  • #96,374
  • Oct 16, 2019 1:18am Oct 16, 2019 1:18am
waiting for the slam dunk! Cant see below 1m but looks like and ending diagonal at the top of this spike.
Founder of Sutherland Wave Principle
  • #96,375
  • Oct 16, 2019 1:19am Oct 16, 2019 1:19am
hammer time M1 candle
7am
Founder of Sutherland Wave Principle
  • #96,376
  • Oct 16, 2019 1:25am Oct 16, 2019 1:25am
i dont get why this news is good for euro..
  • #96,377
  • Oct 16, 2019 1:26am Oct 16, 2019 1:26am
Quoting Mitiblotch
Looking at the 4hr candles I can say that price may track much, much higher tomorrow.
Clap for me!
  • #96,378
  • Oct 16, 2019 1:29am Oct 16, 2019 1:29am
Quoting gatenio
i dont get why this news is good for euro..
What is news? Somebody telling a story about something that ALREADY Happend. News is history.
I never seen news move markets more than 30 points in ten years of plotting these charts.
Coming up for ten years on the factory please send free t shirt to po box 223 london england. Thanks.
Founder of Sutherland Wave Principle
  • #96,379
  • Oct 16, 2019 1:30am Oct 16, 2019 1:30am
Quoting Mitiblotch
{quote} Clap for me!
Seriously? No way! Or... well... okay then...
  • #96,380
  • Oct 16, 2019 1:46am Oct 16, 2019 1:46am
Looking good so far.
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Founder of Sutherland Wave Principle
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