Thank you very much for your explanation. I have one more question: Usually, how pips ahead do you take profit in situations like this (5 pips, 10 pips or more)?
Hello, Sive!
You said "Yesterday B&B "Sell" has worked nice and market has completed AB=CD target in the evening". But the price did not complete AB=CD target (1,1567) , the price stoped and return up from 1,1574. So, my short transaction did not touch Take Profit order. Why did you say that...
Hello Sive,
I have identified a perfect Buy 222 Gartley on BTCUSD daily chart with D point (point where to buy) at 8199.90. What do you think about chances to work this pattern? I atached the chart.
Hello Sive!
It seem that retracement already started and it will be deeper than expected. Where do you think it is more probable to finish retracement at 1.1884 (38.2% retracement from the whole daily swing up) or it could be 1.1820 (50% retracement from the whole daily swing up)? Thank you in...
I atached again the chart showing exactly A, B, C, D points which I used.
What do you think? There is a perfect equality beetwen two descending corections.
If I look from this perspective, the move on EUR/USD in next days will be up at least till 1.40 (psichological rezistence level)...
Hello Sive,
I noticed that acording with your way of drawing of AB-CD pattern on weekly chart, 100% target (fibo extension) was not touched, but I drawed another AB-CD pattern on weekly chart and according with my way of drawing, 100% fibo extension was perfectly accomplished exactly in the...
Hello again Mr.Morten.
You said in your post that "on 4-hour chart 1.618 target stands slightly higher than market's high".
On my MT4 chart on 4-hour chart 1,00 extension target (and not 1.618 extension targhet) in Agreement with 0.618 fibo retracement stands slightly higher than market's...
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