Simple charts

Adjusted alternative point of origin, "apo" fork (green) off the valley.

Adam & Eve, here Eve & Adam double top in play, overall target objective is X2 the double top range, this chart is shown by the lower median line of the green apo fork.

Red bear fork should contain the path of price and allow scalping oppertunities in the direction of the move and tell us when it's over.

Measured moves in play atm.

Follow up to the prior chart, the next measured move has completed, possibility that price may finish the Double top objective on this push, time will tell.

There will be some watching this, but imho, tis the wrong time of day, more than likely price will drift east till the London.

The last lower high needs to be taken out or price make a new lower high and penetrate it before you start to look long, even though I'm sure some are looking at the possible Gartley as a launching point.

Be careful of a sweep at the start to below the lows engineering a turn.

fwiw,

Waiting for the news to clear the view. Aussie setups from this morning.

Close out prior to release or trail at the low, traders preference.

topside wolfe?

news coming out here in a few minutes, cover the position and step aside for the moment.

measured move.

waiting and watching the over/under shoot....... it's all south at the moment, if the opportunity presents itself for a half or quarter sized counter trade for the larger south setup.

Let's see if price will offer us an opportunity to short, price needs to retest the high and break south from there we can use the highs as resistance and hide the stops

Hi auxesis

I am not trying to be a smart-ass but the title of the thread is Simple Charts

They don't look very simple to me

.
Jacko

Jacko,

Lol, there’s really nothing complicated about the charts. I cut my teeth on Andrews’ Median Lines aka “pitchforks” and find they frame the markets very well. Most of the above are simple patterns, a double top, wolfe wave, 123 , ranges - aided by some forks, with focus on market structure higher/lower highs and lows, support/resistance and repeating measured moves inside the overall pattern structures.

Trades inside trades if you so desire.

Just something to do when I’m waiting. Thought someone could benefit from them but it takes a closer look I guess.

Regards,

edit: about as simple a chart as I can muster....

Price at the moment is in a downtrend, lower lows and lower highs, it broke the supporting trend line seen on the larger hourly charts and has retested the bottom along with making the median line of the green fork. Should be worth a few pips south, but no one ever knows. Take enough pips when given the chance to cover a stop set above the high and let er' ride and see if she will make 3400ish