Lolly Tripathy
Sergeant Major
- Messages
- 515
Good day frds in the house,
thanks for giving a helping hand.
Am using window 7 OS and I have follow the instruction to detail but the fib tree is not displaying any think in my system.
need your assistance.
thanks frds.
To be called a "butterfly" I understand that second bottom should be deeper than first one. You probably have Gartley's 222 buy there, at least from my modest understanding.but it worked
Greetings : slight change of subject - does NZDUSD 4hr look like a double repo?
not yet. could be a BnB, but a weak one considering the weak thrust up of the larger candle that closed above 3x3. for DRPO we need a 2nd close above 3x3 in this case, after the 1st close under 3x3. meaning: in a bear trend, after good thrust, we need a close above 3x3. then within 3-5 periods, a close under 3x3. then within 3 periods another close above 3x3. and if DRPO is valid, market starts the retrace.
sorry about that. what i should have said was - given the break up through the 3x3 and the close below the 3x3 following such a long down move, am i looking at a possible Double repo. i now notice a second move below the 3x3 that has gone even lower. should this close at the lower low and then close above the 3x3, is this the completion of the move? thank you gentle sir.