hollywood1111
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Hi Sive,
so is there any possibility for us to do a long position today?
I think it's very difficult, because before buy, we must wait 1,4430 area...
Hi Sive,
so is there any possibility for us to do a long position today?
I think it's very difficult, because before buy, we must wait 1,4430 area...
Thank you very much!
I can see the butterfly buy, but what was your sell signal? I can see market began to do down, but I don't see any particular sell pattern/candlestick. Can you clarify this?
Hi Andrea,
and what if the market turns down till 1.4370 - 1.42? I just want to ask questions and learn a lot.
-Thank You-
I think it's very difficult, because before buy, we must wait 1,4430 area...
Hi Rashidin,
Usual target is some retracement level from inner AD swing. But could be also a larger extension of the whole X-A-D pattern.
Hi Nicole,
This is not always so. There are as continuation patterns as reversal. You're speaking about Butterfly and you're right. But here is "222" or Bat - this is continuation pattern that assumes enter in the direction of initial XA swing. That's why it could be as in the direction of major trend as opposite to it.
Hi Nicole,
yes, our expectation about 3-Drive looks like failed and now it's more probable to see H&S on hourly chart. We have to watch at 1.4650 area. See daily update below for more details.