Coreg's EW+HP+D/W Range

Quoting rehmatkhan00

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{quote} we may have possible complex correction after 5 impulse waves and we may see another strong impupse wave to the upisde. {image}

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Quoting Coreg2004

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{quote} rehmatkhan, if I can't label the swings with full confidence I go with the ratios from the guidelines to find the potential end of waves. I don't force the count. @1.3594 I know it can be the end of wave (iii) or (v). {image} After this level is reached we anticipate the correction even if this is wave (iii) or (v){image} We can confidently mark the last section as a 1-5 pattern. What do we do next? Looking for a change of character (ChoCh) and entering the short trade. Where is the target? Zone for the potential wave 4 or the first leg...

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Quoting rehmatkhan00

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{quote} There is 50 50 possibility and it can be end of 4th wave after completion of double zigzag correction and we may be at the beginning of 5th wave. {image}

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Quoting rehmatkhan00

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{quote} There is 50 50 possibility and it can be end of 4th wave after completion of double zigzag correction and we may be at the beginning of 5th wave. {image}

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Quoting Coreg2004

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{quote} You always know when the market doesn't unfold to your expectations so a backup plan kicks in. If you correctly established a support zone for the potential end of wave A and took a long C-T trade you would be sitting on 90 pips profit. {image}

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Quoting rehmatkhan00

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{quote} There is 50 50 possibility and it can be end of 4th wave after completion of double zigzag correction and we may be at the beginning of 5th wave. {image}

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Quoting Coreg2004

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{quote} What do you expect after the WXY pattern? A new high. Where your idea can fail? at the exact zone I marked on my chart. Do you see where I'm going with it? Labeling is not as important as we think. We deal with dynamic trend analysis so PA is the king.

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Quoting rehmatkhan00

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{quote} There is 50 50 possibility and it can be end of 4th wave after completion of double zigzag correction and we may be at the beginning of 5th wave. {image}

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Quoting Coreg2004

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{quote} ABC, WXY, or 1-5 patterns end at the same zone. Then the minimum correction of 38.2-50% for any of these patterns is expected.

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Quoting Coreg2004

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{quote} ABC, WXY, or 1-5 patterns end at the same zone. Then the minimum correction of 38.2-50% after these patterns is expected.

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Quoting rehmatkhan00

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{quote} please share EU labeling if you have?

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Quoting Coreg2004

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{quote} That's how I see the pattern unfolding. {image}

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Quoting rehmatkhan00

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{quote} Please, check my labeling and see I have labeled them correctly. The last five waves resemble Diagonal Triangle except wave 1 which has 5 fractals instead of 3. It looks like the price is ranging now and it can make one more lower and can shoot down to 1130 where wave 2 ends. {image}

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Quoting rehmatkhan00

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On 15 minues it looks like impulse may end at 1380 and head down for a deeper correction {image}

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Quoting Coreg2004

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{quote} Do you have another trading method you can use when the EW pattern is unclear? I use range (daily, weekly, last swin on HTF), HP, or plain Dow Theory with TL, channels. Our task is to find potential support/resistance zones on our setup TF. Below is the EU chart with D, W range. {image}

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Quoting Coreg2004

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{quote} You always know when the market doesn't unfold to your expectations so a backup plan kicks in. If you correctly established a support zone for the potential end of wave A and took a long C-T trade you would be sitting on 90 pips profit. {image}

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Quoting rehmatkhan00

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If ABC correction has been completed and we are suppose to have simple Zigzag correction then it can go to 3606 where ABC or 1=3 waves will be completed. {image}

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