Hi Urum, currently we do not even see the style and strength of retracement. So, a bit more action is needed to tell.Hi Sive
What do you think, during next week will that 1.2625 low from January hold or market will continue further down?
Yes, Venelin. THis is possible. In this case we can see either deeper retracement or DRPO "Failure" that will become our triggering pattern to enter short.Hi Sive and all,
Strong and simple analysis as always-thank you! I just want to add that a daily DRPO could start building also early next week! Cheers
Hi Sive, thanks for your valuable analysis always. pls where do i get to read more about B&B and 222 patterns? thanks
Hi Ochills, DOSC and Indicator, that I use are the same. The difference may come from different level of oversold that we apply. You said, that you use 90% of oversold. On current chart I apply 85% or even 80% (do not remember exactly). The reason for that is EUR/USD quite rare hits 90-100% oversold zone. More often it respects 80-85%.Hi Sive,
thanks for your lovely update as usual, it is priceless thanks.
1.pls in your daily analysis on daily TF you said market has hit daily oversold but on my chart I use DOSC to determine overbought and oversold. Price has not hit oversold on my chart. I calculated the levels based on your explanation in the military school 130-150periods and average of the 3 extreme low levels of the 130-150pips period (i.e. 3 different level of 130-150pips)then multiply by 90%. Pls right my wrong if I miss it. If possible can you share the indicator U use for your overbought and oversold.
2. what indicator do you use to determine when to buy deep or rally? or you wait for retracement at a crucial level just like your explanation in this week analysis.
thanks as usual.
Hi Ivan. No, there was insufficient thrust to treat it as B&B.Hi Sive,
Do you consider the H4 price action a B&B buy too?