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Learning to apply Scott Carney`s harmonics to UK OIL

Discussion in 'Market Predictions and Reports' started by D.R.&Quinch, Sep 30, 2012.

  1. D.R.&Quinch

    D.R.&Quinch Sergeant

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    i AM STARTING THIS THREAD FOR EDUCATION (MY OWN ANY ANY WHO WANT)
    Please do not expect too much, as i am a rank novice.
    I am hoping that those who look in may advise me on how to improve anything i have posted.
    below are two weekly charts of UK oil
    . Thought it would be wize to get context right before going to lower timeframes!


    I am trying in these to show some tally between elliot wave counting and harmonic shapes
     

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    #1 D.R.&Quinch, Sep 30, 2012
    Last edited: Sep 30, 2012
  2. D.R.&Quinch

    D.R.&Quinch Sergeant

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    CURRENT m15 chart. what do you think?
    oilm15.PNG
     
  3. D.R.&Quinch

    D.R.&Quinch Sergeant

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    there is also possible divergence?
    fpaoil5.PNG
     
  4. D.R.&Quinch

    D.R.&Quinch Sergeant

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    looking bleak
     
  5. D.R.&Quinch

    D.R.&Quinch Sergeant

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    i think context is too bearish for this to be valid
    break of c confirms this?
     
  6. D.R.&Quinch

    D.R.&Quinch Sergeant

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    Prz eneterd, im out for plus 82 pips fpaoil6.PNG
     
  7. D.R.&Quinch

    D.R.&Quinch Sergeant

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    Here is a weekly chart of UK100 (FTSE)

    comment welcome
    FPAUK100A.PNG
     
  8. D.R.&Quinch

    D.R.&Quinch Sergeant

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    HERE is a daily chart of FTSE / uk100
    ftseb.PNG
     
  9. D.R.&Quinch

    D.R.&Quinch Sergeant

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    here is a four hour chart of the ftse/uk100
    ftsec.
     
  10. D.R.&Quinch

    D.R.&Quinch Sergeant

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    This pair seems to be inversley correlated to uk oil. or im tired
    note fpausdchf. the bullish divergence
     

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