Coreg's EW+HP+D/W Range

Quoting Abeylyn

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{quote} Thank you so much for these response. The labelling explains a lot. Once again, Big thanks.

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Quoting Coreg2004

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{quote} Abeylyn, no problem, any time. Like any trading method, HPs require constant evaluation and decision-making. Two lines of quantitative analysis (PP's, ATR, ADR) tell you what to expect for the day/week. {image} Added: The yellow box is always a potential reversal zone for the day.

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Quoting Abeylyn

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{quote} Just gone through and discovered Point D will always equate EWN 3 or 5 where temporary retracement/permanent reversal is expected. At least, the most reasonable expectation is to prepare for a bounce at Point D to avoid being trapped. This is the 1st time my eyes are actually opened to really see harmonic functionalities.. Thank you.

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Quoting Coreg2004

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{quote} Gold reached 161.8% WRE and 150% weekly ATR(14), (check the levels on the chart below). The expected reversal for the weekly range is often on Tuesday or Wednesday, but it isn't a rule. Just examine your trading method to see if it indicates a possible reversal. {image}

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Quoting ScalaFX

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B I think

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Quoting Coreg2004

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{quote} ScalaFX, I took the screenshot when I posted the question. If scenario #1 is in play, how would you enter the trade? PA, swing low taken out on trigger chart (5M)? or something different?{image} My gold futures chart{image}

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Quoting ScalaFX

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{quote} i think fundamentals is main gasoline for this trade, I will enter a trade now and add more if slips, then if going in my direction manage worsts

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Quoting ScalaFX

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{quote} i think fundamentals is main gasoline for this trade, I will enter a trade now and add more if slips, then if going in my direction manage worsts

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Quoting ScalaFX

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{quote} new ath at night, we will see above 4200 today

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Quoting Coreg2004

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{quote} Abeylyn, I treat HP as simplified EW. Yes, good eyes. Wave 3 is the most powerful most of the time, and can be treated as point D. Remember, it's discretionary trading, so we do not always reach our target because traders use different time frames. Swing on the 30M chart can be only one bar on 4H TF.{image} {image} Today is not the case b/c we deal with V shape reversal.{image}

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Quoting Coreg2004

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{quote} ScalaFX, awesome , but you know what is more impressive? That you have your own plan and you're sticking with it. Nobody can sway you, only the market. The D point for completion of the bearish crab pattern is @4234.75{image}

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Quoting Coreg2004

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{quote} Swing high at 4 (1.3370) tested overnight. {image}

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Quoting Coreg2004

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{quote} flag formation. {image} {image}

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Quoting Coreg2004

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{quote} ScalaFX, awesome , but you know what is more impressive? That you have your own plan and you're sticking with it. Nobody can sway you, only the market. The D point for completion of the bearish crab pattern is @4234.75{image}

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Quoting Pat Chiko

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GBP JPY There’s a chance this could be the end of a Wave B. If that’s true, then we might be at the start of a downtrend—possibly something similar in size to the drop we saw in June 2024. As newbie, the real confirmation of a big turn to the downside would be a break of H4 structure. But at the same time, we have to be careful… This current move down could still just be a pullback within the uptrend, and price could still push back up and make new highs. Right now, the move down looks impulsive, which makes me think it might be a Wave A. If that’s...

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Quoting Coreg2004

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{quote} Pat, you want me to be poor... Didn't touch GJ since May. I will adjust to the current PA later. {image}

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Quoting Coreg2004

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{quote} Pat, close below 201.27 negates the labeling. The BC leg should have 5 fractals. {image} Pure speculation with the data on hand. {image}

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