FOREX PRO WEEKLY January 13-17, 2014
- Thread starter Sive Morten
- Start date
I think we topped...at the moment target could be last low..
Good trading!
10.00 CET: Looking at M5 we MIGHT get for a tick new HH, more is dangerous for more up...
ps: NO, I dont think so anymore, we could experience just clear break not just HH and down; I think last leg down is in progress, question is how deep!
Good trading!
10.00 CET: Looking at M5 we MIGHT get for a tick new HH, more is dangerous for more up...
ps: NO, I dont think so anymore, we could experience just clear break not just HH and down; I think last leg down is in progress, question is how deep!
Last edited:
Hello
price hit/confirmed top @1,36185; retrace should go up to 1,36556 bottom at least but I expect higher,above 1,36983 into y (c on H4); price could hold in this theritory and lick low again (W&R); question is also if this low would be really low or just first of corrections in x wave: BB speaks tomorrow so we could play worm for a day and half...
Good trading!
10.55 CET: on M30 there is very big probability of confirming 1,36556 low and making another leg down; on H2 abc could be finished; strong push up could lead toward top of 3rd wave of flat where first target could be 62 expansion, just above last HH, if low is in place...as previously said this move could also be just first part of more complex correction until tomorrows BBs speach... lets see...
11.10 CET: I think that even price makes new HH, SG on Daily will remain if pullback will be strong...
12.14 CET: must apologize: FXCM refreshes their chart too slow and I had not fractal label on H2 when I made my analysis so fact is that on H2 we either have 5 waves impulse or better & prefered one flat finished and now we could be in second with target 262 expansion @1,3653..pictures will publish later because in case we are stili in 5th wave, we could get some new lows..
price hit/confirmed top @1,36185; retrace should go up to 1,36556 bottom at least but I expect higher,above 1,36983 into y (c on H4); price could hold in this theritory and lick low again (W&R); question is also if this low would be really low or just first of corrections in x wave: BB speaks tomorrow so we could play worm for a day and half...
Good trading!
10.55 CET: on M30 there is very big probability of confirming 1,36556 low and making another leg down; on H2 abc could be finished; strong push up could lead toward top of 3rd wave of flat where first target could be 62 expansion, just above last HH, if low is in place...as previously said this move could also be just first part of more complex correction until tomorrows BBs speach... lets see...
11.10 CET: I think that even price makes new HH, SG on Daily will remain if pullback will be strong...
12.14 CET: must apologize: FXCM refreshes their chart too slow and I had not fractal label on H2 when I made my analysis so fact is that on H2 we either have 5 waves impulse or better & prefered one flat finished and now we could be in second with target 262 expansion @1,3653..pictures will publish later because in case we are stili in 5th wave, we could get some new lows..
Last edited:
here is new H2 chart:
1. I like tripple sideways correction: red flat done, we are in dark blue, in c leg, which could be either flat or triangle (I am for flat with target 1,3653) and then 3rd correction is expected, either flat or triangle;
2. I like also zigzag with 5 waves c leg (blue), low is lower
3. as seen, we could also be in impulse (pink), done or not is hard to say but I would treat as done although minimum target has not been hit yet; in case of hard push down this could be also wave in wave (combination of pink 1&2 and blue); in this case LL is under question and tripple correction will not be in play
Good trading!
17.49 CET: I think we are nesting bottom, to me looks like triangle 4th wave (as inner wave of 5th pink impulse) on M5 but 4 can not go above 1,36064
ps: no, can not be triangle because of overlaping, so either normal impulse either ending diagonal
1. I like tripple sideways correction: red flat done, we are in dark blue, in c leg, which could be either flat or triangle (I am for flat with target 1,3653) and then 3rd correction is expected, either flat or triangle;
2. I like also zigzag with 5 waves c leg (blue), low is lower
3. as seen, we could also be in impulse (pink), done or not is hard to say but I would treat as done although minimum target has not been hit yet; in case of hard push down this could be also wave in wave (combination of pink 1&2 and blue); in this case LL is under question and tripple correction will not be in play
Good trading!
17.49 CET: I think we are nesting bottom, to me looks like triangle 4th wave (as inner wave of 5th pink impulse) on M5 but 4 can not go above 1,36064
ps: no, can not be triangle because of overlaping, so either normal impulse either ending diagonal
Last edited:
i think ending diagonal will develop whole night and maybe we will get retrace tomorrow with London..as it is both directions are possible but I am for long
Similar threads
