The second level @1.3347 from the WRE zone hit. GU is a stone's throw away from 100%weeklyATR(14) @1.33767 image

Coreg's EW+HP+D/W Range

My thread promotes me, not my words; you can spin it any way you want. Misery loves company, but you need to look closer to home.

Cable Update (GBPUSD)

Nordling, Psychology 101: If you are miserable at something, bring others to the discussion and compare yourself to them to feel better. Yes, I'm better than 90% people here b/c I have a plan, rules, and follow them. Please, don't compare me to ...

Cable Update (GBPUSD)

Yesterday, GU printed the NR4 bar on the daily chart. The expanded range was expected after 4 days of consolidation. The first target @1.3302 was reached. The first support zone, if GU decides to make a retracement, is between 1.3275 and ...

Coreg's EW+HP+D/W Range

Usually, wave (4) is dramatic b/c is most of the time complex.

Coreg's EW+HP+D/W Range

Possible, as long as the prior swing high is not violated. Here is a scenario that can play in your favor.

Coreg's EW+HP+D/W Range

After the ABC correction, GU should make a new high. It can be stopped in the zones on the chart. image 15M chart for today only. Added: As long as TL not holds and prior swing is not taken out, we don't know if wave 5 is in place. That's why I ...

Coreg's EW+HP+D/W Range

... image

Coreg's EW+HP+D/W Range

msqk, doable, but YL has to be broken again. Watch for the completion of a potential flat expanded correction. Also, your target at 1.3125 may be in play (test of the low at 4) image image

Coreg's EW+HP+D/W Range

Battle continues. The bulls have been unable to close above the upper channel trendline and the horizontal line at 1.32486 so far (4 days). The credit goes to the bulls for hanging in there for so long. image image

Coreg's EW+HP+D/W Range

The new setup after Thursday's high was broken. Still watching if GU closes below 1.3248 after flirting 2 days in a row with this level. Potential resistance zone for today is between 1.3280 and 1.3292.

Coreg's EW+HP+D/W Range

fex., if wave C is in place, min correction of B-C swing is the zone between 1.3180 and 1.3155. Min correction for the entire formation (0-C)is the zone between 1.3170 and 1.3140. The zones are valid if the Thursday high holds. image Sharing is ...

Coreg's EW+HP+D/W Range

If anyone is interested in the basics, here is an excellent start to the Elliott Wave journey. url Disclaimer: I don't endorse any courses, webinars, or mentorship programs except that this website is a good place to learn EW.

Coreg's EW+HP+D/W Range

For Elliott Wave Theory enthusiasts. image Wave C should have 5 fractals. image image And an alternative count of waves. Wave C can be an ending diagonal (wedge). I don't like how it looks, but it's the second option if I had to have one. ...

Coreg's EW+HP+D/W Range

Not too much changed from the last post. I closed my short trade from yesterday and won't trade today. It's not my market, too slow.

Coreg's EW+HP+D/W Range

msqk, me too. I don't want this pattern to be demolished. I adjust if this happens.

Coreg's EW+HP+D/W Range

If GU completed the ABC corrective pattern (min @1.3264), the expectation is to the downside. image As long as GU doesn't close above 1.32486 on the daily TF, the end of wave 4 is valid. image Added. Here is what can happen when the ABC ...

Coreg's EW+HP+D/W Range

Trigger chart (5M), decision time coming up.

Coreg's EW+HP+D/W Range

I posted the weekly chart some time ago with the potential resistance zone and timing for correction. image Longer TF doesn't affect my day trading, but I like to be on the right side of the market atm.

Coreg's EW+HP+D/W Range

eyefeelsix, thanks. I wonder if I don't put too much faith in this zone to hold. But until the zone is broken, my view holds.

Coreg's EW+HP+D/W Range