FOREX PRO Weekly July 15-19, 2013

[minimax]

Will be fun, suppose, to me looks like bull trap, good luck!

 

[Venelin]

Will be fun, suppose, to me looks like bull trap, good luck!


View attachment 10249

Oh boy -it's all Bernanke BS and round 2 coming up tomorrow! "Summer trading" in full speed! I am glad i do not have to analyse this market tomorrow! Bless your soul Sive!
So eventually wave C-down is a given,but a million dollar ? is from what level

 

[minimax]

Hi, Venelin,

there is nice 5 waves in last 4H candle, 3rd extended, forming ending diagonal atm, targets 1,3070/50/30, will see how developes

add

picture

 

[Venelin]

Hi, Venelin,

there is nice 5 waves in last 4H candle, 3rd extended, forming ending diagonal atm, targets 1,3070/50/30, will see how developes

add

picture


View attachment 10250

We all know what happens when we see 5's on small TF! But I think B is not done yet an C to follow from higher levels-looks like Butterfly is setting up on 4H. We'll see...

 

[minimax]

Agree, this should be first flat !!

 

[toshaukr]

Hi guys! Do you think we might get a 3 drive pattern on H1? By the way, 1.618 extension of the 1st drive coincides with the 1.27 extension of the 2nd drive, and this target could become the wash and rinse of the 1.3205 highs. Chart attached

 

[Lolly Tripathy]

here is a small butterfly

 

[minimax]

Hi all, agree lolly, possible, atm I stay with 5 wave impulse, as long as 1,3120 stays in play

 

[D.R.&Quinch]

Where the hell have u been minimax

 

[D.R.&Quinch]

No you dont! Read branch grow