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Harmonic shapes in various instruments


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Updated by MajorMagnuM
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Harmonic shapes in various instruments

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  #11 (permalink)
south west UK
 
 
Posts: 122 since Dec 2011
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If it breaks back above the line on the m15 chart
i am long to the cyan circle

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  #12 (permalink)
south west UK
 
 
Posts: 122 since Dec 2011
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How about this interpretation of this volume indicator?

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  #13 (permalink)
south west UK
 
 
Posts: 122 since Dec 2011
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a POSSIBLE PULL BACK TARGET

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  #14 (permalink)
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Posts: 122 since Dec 2011
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this all looks bearish, but i have to stick with my preset stop loss, at 1.2855

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  #15 (permalink)
south west UK
 
 
Posts: 122 since Dec 2011
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Glad i left it.

profit taken

now to see how the PRZ plays out

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  #16 (permalink)
south west UK
 
 
Posts: 122 since Dec 2011
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OK ,
this is what i see on the euro/usd
a big bearish W points in cyan
within that, a smaller bullish continuation pattern, points marked in olive
The second shape would take us to a big confluence @ AROUND 1.3008
This is also an elliot wave target for wave 5 (using elliot rules found in tom joseph book)
the leg marked with brown numbers is (possibly) a five wave impulse of an abc correction
so much confluence

My aim here is to see how impossible or not it is to project harmonic shpaesd within others to confirm a possible d point of a larger context harmonic shape.

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  #17 (permalink)
south west UK
 
 
Posts: 122 since Dec 2011
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I have added the 50% retracement of the swing up, which also falls in the PRZ

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  #18 (permalink)
south west UK
 
 
Posts: 122 since Dec 2011
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turned round ten pips short of prz.

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  #19 (permalink)
south west UK
 
 
Posts: 122 since Dec 2011
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at the prz now

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  #20 (permalink)
south west UK
 
 
Posts: 122 since Dec 2011
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POSSIBLE TO GO BACK TO 1.2935 STILL. BEYOND 1.3030 AND WE COULD GO MUCH FURTHER I BELIEVE

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November 5, 2012


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