Hi Sive,
Well, I'm also think price will splash up...but just to add one more possible scenario...market will break down pennant/triangle and retesting recent 100% AB-CD target on H1 around 1.3173 (target of the pennant also) without invalidate H4 butterfly sell...then after that market will...
DRPO Sell on H4
Hi Sive,
On 4-hr tf, on my chart there is possible DRPO sell waiting to confirm right now and the best way to enter is by butterfly sell on h1. What do you think, Sir?
Hi Sive,
Maybe I'm wrong but I suppose there is engulfing pattern on daily chart. The target is around 1.2820, the same area where daily 25x5 DMA is located.
Thanks and Best Regards.
Rashidin
Hi hwaleed,
I just try to give you a brief intro about this forum. Maybe Sive will add some more. First, Sive's analysis is majorly based on Dinapoli trading technique. Pls buy a book with the title Trading With Dinapoli Levels. Second, Sive also take into account on harmonic pattern analysis...
Hi Sive,
Just to share with all forumers. There is hidden MACD bullish divergence on monthly tf (I'm comparing MACD histogram from end 2008/early 2009 with mid of 2012). If I am right, one more context to be concerned I suppose.
Thanks a lot for your briliant analysis and have a good weekend...
Hi Sive,
Any chance that market will try to test previous high on Monday?
Have a good weekend and very thanks to your helpful analysis as usual.
Thanks and Best Regards
Yes Sir, I aware about that. What I mean is price will go up again around 1.3040 and close above 3x3 DMA and then going south and close below 3x3 to give DRPO LAL signal. Is it possible, Sir?
Thanks and Best Regards
Hi Sive,
I think it is possible for DRPO LAL on H1 to manifest if in nearest time we'll get 1.3040 area, close above 3x3 DMA and then drop and close below 3x3 DMA after that. Am I right, Sir?:cool:
Thanks and Best Regards
Rashidin
I strongly believe market will hit 1.28 area coz at least 3 patterns targeting this area. Butterfly on H1, 3 Drive and ABCD on H4. Moreover, SMA 200 day also around 1.28 area. So now it will depend on market to behave accordingly. But for me, I'm bearish till 1.28 area.
Guys,
I strongly think that upward bounce will show their significant existence around 1.28 (round number again!!!). Moreover, just check out by yourself by today down swing, butterfly buy on H1 is possible to manifest....1.27 ext around 1.2813 and 1.618 ext around 1.2791. IMHO, if price will...
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