This is the 1hr chart of eur/usd, is this consider double bottom?
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- #42,082
- Oct 28, 2008 3:55am Oct 28, 2008 3:55am
This is the 1hr chart of eur/usd, is this consider double bottom?
edit : I am looking to add some short position ard 1.275 (if it ever get there and reversal)
- #42,092
- Oct 28, 2008 6:16am Oct 28, 2008 6:16am
- Joined Apr 2007 | Status: RCMM (Risk Analysis Money Manager) | 2,556 Posts
- #42,097
- Oct 28, 2008 6:34am Oct 28, 2008 6:34am
- | Joined Nov 2007 | Status: Trader | 2,903 Posts
Give a guy a break already 
- #42,099
- Oct 28, 2008 6:45am Oct 28, 2008 6:45am
[
http://i37.tinypic.com/mju59l.jpg
First , Harmonic pattern (blue line ) showing the D target is 1.2345
If this pair goes upper than 1.6685 for more than one hour then the pattern is failed
Then, wolfe wave ( Green Numbers ) targeting almost the same point @ 1.2345 ( actually it is a little bit lower)
If the wolfe wave pattern is correct, there is two points to be considered here :
1) the fifth wave will be finished quickly ( arounf 13 bar or 5-6 hours)
2) wolfe wave is 6 waves, the sixth ( and the last ) wave target @ 1.2781 ( good retracment if it happend)
one more thing here
according to Elliotte wave, the beginning of A in harmonic is actually the beginning of the first of the third wave, C is the second of the third, and now this pair is in the third of the third which targeting:
1.2470
1.2335
1.2274
and finally 1.1458 (1.62 fib)
and that’s it guys, will you tell me what do you think
Regards.[/quote]
Hello guys,
am new here...
I have been following your conversations and find it very educational...
also been looking back to the past two day's posts.
I dont know anything about "harmonics" but am i right in saying that To Be turned out to be spot on in his predictions yesterday in post #41703??
http://i37.tinypic.com/mju59l.jpg
First , Harmonic pattern (blue line ) showing the D target is 1.2345
If this pair goes upper than 1.6685 for more than one hour then the pattern is failed
Then, wolfe wave ( Green Numbers ) targeting almost the same point @ 1.2345 ( actually it is a little bit lower)
If the wolfe wave pattern is correct, there is two points to be considered here :
1) the fifth wave will be finished quickly ( arounf 13 bar or 5-6 hours)
2) wolfe wave is 6 waves, the sixth ( and the last ) wave target @ 1.2781 ( good retracment if it happend)
one more thing here
according to Elliotte wave, the beginning of A in harmonic is actually the beginning of the first of the third wave, C is the second of the third, and now this pair is in the third of the third which targeting:
1.2470
1.2335
1.2274
and finally 1.1458 (1.62 fib)
and that’s it guys, will you tell me what do you think
Regards.[/quote]
Hello guys,
am new here...
I have been following your conversations and find it very educational...
also been looking back to the past two day's posts.
I dont know anything about "harmonics" but am i right in saying that To Be turned out to be spot on in his predictions yesterday in post #41703??