I should say: on the daily chart, GU wants to go up. After reaching 50% retracement @1.3368, GU found support. Somehow, I have a feeling we won't have smooth sailing today. Possible inside bar on the daily TF.

Coreg's EW+HP+D/W Range

After the ABC pattern was printed, we saw a 50-pip drop. GU has difficulty reaching the end of the AB=CD pattern @1.3356 so far. image On the daily chart, GU is trending up. So, unless TFs align, we can experience confusion about the direction of ...

Coreg's EW+HP+D/W Range

We didn't get a 1-5 pattern. Now, we look for an ABC.

Coreg's EW+HP+D/W Range

birdland, yeah, I feel 25 years younger...

Coreg's EW+HP+D/W Range

5M trigger chart. Enjoy.

Coreg's EW+HP+D/W Range

I guess we'll have to get used to a daily range of more than 200 pips.

Coreg's EW+HP+D/W Range

Higher targets in case GU wants to go more to the upside.

Coreg's EW+HP+D/W Range

Potential HOD in place. Nice jump after the news from the White House.

Coreg's EW+HP+D/W Range

Decision time coming up...Hold 'em or fold 'em.

Coreg's EW+HP+D/W Range

DXY doesn't give up...

Coreg's EW+HP+D/W Range

Minimum for the day achieved. Wave (iv) was tested at 1.3344. Next targets for today are: 1.3331 and 1.3309. Should we expect today inside bar?

Coreg's EW+HP+D/W Range

We got much more than we bargained for. Sometimes we struggle to hit the first target; other times, the market shoots to the moon and reaches extended zones in one day. That's the nature of the markets. Expect the unexpected. image I'm bringing ...

Coreg's EW+HP+D/W Range

Standard zone for the potential end of wave 5 is 1.3402-1.3418. Until then, don't rush short trades. image I should add: or the pattern shifts to LL-LH on this time frame (TF).

Coreg's EW+HP+D/W Range

There is still enough time this week to look for the target @1.3421 if pressure to the upside continues.

Coreg's EW+HP+D/W Range

Plenty of resistance and support zones on intraday TF. Potential flat correction ABC, then move to the downside; or PP will hold, and we get a BPC setup.

Coreg's EW+HP+D/W Range

No one was interested in buying at YL @1.3273

Coreg's EW+HP+D/W Range

The zone from the prior post held nicely. Targeting 100%ATR for today if GU gets there.

Coreg's EW+HP+D/W Range

If YH @1.3340 is taken out, we target the 1.3358-1.3381 zone. Otherwise, GU is vulnerable to the downside.

Coreg's EW+HP+D/W Range

Two levels to watch on the daily chart are: 1.3350 and 1.3392. Is potential wave 5 in place? Only 113% level @ 1.3222 was touched.

Coreg's EW+HP+D/W Range

Here is an updated hourly chart with scenarios that can be played out at the open and during the day. The first heavy resistance zone is between 1.3250 and 1.3276. image If you are still developing a daily routine, this article might help. url

Coreg's EW+HP+D/W Range