Coreg's EW+HP+D/W Range

Quoting Coreg2004

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{quote} ...and the winner is fex. {image}

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Quoting fex.

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{quote} thanks Coreg, prediction + luck, nice day {image}

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Quoting Coreg2004

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Potential end of wave 5 if the upper channel's TL is broken.{image} {image}

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Quoting Coreg2004

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{quote} fex., I would call it educated guesstimation...The weekly high, the most liquid spot for swing and daytraders, was surrendered by 120%ATR and R2. Logical target to go after the breakout of the channel. The flag formation is a continuation pattern. Nicely done. Today, if we get follow-through, we should target 1.3410-1.3430 {image}

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Quoting Coreg2004

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{quote} There is still room to go up this week. Chart fixed. {image}

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Quoting fex.

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i like this bearish bat also like T#1 & 2, just below liquidity, as is known, market is extremely efficient, trying with waves {image}

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Quoting Coreg2004

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{quote} fex., EW principles work for me. Some people are scared of it b/c they think there is too much room for alternative count. For me, it's the same as trading other chart patterns. There is always a chance that the pattern will fail, not reach the target, and so on. Like with the other methods of market structure analysis. If you know what invalidates the pattern, nothing should scare you from using it. Here is an alternative count on the 4H chart.{image} Drawing from the right.{image} {image}

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Quoting Coreg2004

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{quote} If GU drops below 1.3370 (the bottom of the channel's TL), we will have a bearish flag formation in play with the target @1.3306. {image}

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Quoting Coreg2004

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{quote} Timing with zones for completion of wave B and wave C.{image} {image}

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Quoting Coreg2004

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{quote} fex., EW principles work for me. Some people are scared of it b/c they think there is too much room for alternative count. For me, it's the same as trading other chart patterns. There is always a chance that the pattern will fail, not reach the target, and so on. Like with the other methods of market structure analysis. If you know what invalidates the pattern, nothing should scare you from using it. Here is an alternative count on the 4H chart.{image} Drawing from the right.{image} {image}

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Quoting Coreg2004

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{quote} The bearish flag pattern failed. Now, we pay attention to the potential bearish Gartley pattern. If the weekly high @1.3439 is taken out, the target we should aim for is @1.3465. It doesn't mean we get there for sure, but we should be on the lookout for such a possibility. {image}

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Quoting Coreg2004

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{quote} It was quick. The potential high for the day has been reached, but the first retracement for the week, at 1.3480, is now in play if 1.3410 holds. {image}

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Quoting fex.

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78.6-88.6% looks good for last FO, after that liquidity level, expect (pray) more down {image}

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Quoting fex.

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78.6-88.6% looks good for last FO, after that liquidity level, expect (pray) more down {image}

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Quoting Coreg2004

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{quote} fex., here is the daily chart. It shows better what I wanted to say about the liquidity zone in question. This zone has been tested twice. The question is: how many traders still want to defend this zone? How many new traders are willing to enter short here? IMO, it depends on whether today's high is recognized as an end of wave C or wave 3. Anyway, at least a temporary retracement should be expected {image}

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Quoting fex.

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thanks Coreg, very insightful, i've taken some precautions (only 1 HeroTrade on the table), imo the liquidity level (not the zone) was fresh, so now expecting a further down move, atmnot too much {image}

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