Resistance zone 1.3360-1.3372 (again, PP, NY Open, YCL) GU printed ID yesterday, so one of the ends, YH, or YL, should be taken out today. image

Coreg's EW+HP+D/W Range

Strong support zone to overcome between 1.3356 and 1.3345, containing 3 levels (YCL, NY Open, PP) image

Coreg's EW+HP+D/W Range

It might be tough NY session b/c GU already made a 100-pip move (100% daily ATR(14)), although the AB=CD pattern is not yet completed.

Coreg's EW+HP+D/W Range

The Dollar Index is at the resistance zone. 99.50 is the level to watch.

Coreg's EW+HP+D/W Range

The weekly low @1.3440 was too strong to be overcome yesterday, and during the Tokyo session, GU gave us a short entry. Now, all eyes are on 1.3344, an important prior swing low.

Coreg's EW+HP+D/W Range

Closing below 1.3344 on the daily chart opens the door for a bullish bat pattern (at least 1.3195). Wow...

Coreg's EW+HP+D/W Range

Miti, I haven't touched the EU since last Thursday, but on the daily chart, 1.1611 is the target for the AB=CD pattern if the Euro gets there.

Coreg's EW+HP+D/W Range

The trigger chart (5M)...which pattern do you want to trade?

Coreg's EW+HP+D/W Range

Miti, I'm cheap too.... Love to buy/sell at a discount price. image

Coreg's EW+HP+D/W Range

The first resistance zone is between 1.3414 and 1.3444 image

Coreg's EW+HP+D/W Range

Minimum for ABC correction was reached overnight. The swing at (iv) was successfully tested. That's the power of pattern trading. image

Coreg's EW+HP+D/W Range

Standard zone for the end of potential wave 5 is between 1.3428 and 1.3407. DRE zone for today is between 1.3392 and 1.3365. image image

Coreg's EW+HP+D/W Range

For those who struggle with trading with trend lines after 20 years in business. image image image

Cable Update (GBPUSD)

I fixed YL.

Coreg's EW+HP+D/W Range

GU needs to take out the zone 1.3574-1.3589 (close above on the daily TF) to have a shot at the January high @ 1.3869. image Mess on intra-day TF's. (many support and resistance zones on the prior day range). image

Coreg's EW+HP+D/W Range

Mr. Dollar spent 5 days trying to bust the resistance zone, so far unsuccessfully.

Coreg's EW+HP+D/W Range

GU reached Yellow Box with R2, so technically HOD should be in place, but pattern i-v might not be finished.

Coreg's EW+HP+D/W Range

Is the correction over? image image

Coreg's EW+HP+D/W Range

Up or down? Anybody's guess is good. GU is still in a relatively small range. Yesterday on the daily chart, GU printed an NR4 bar, a possible return of volatility. Resistance and support zones on the chart.

Coreg's EW+HP+D/W Range

Bulls try very hard to stop the decline. We have 4 solid support levels between 1.3442 and 1.3433 for today. image

Coreg's EW+HP+D/W Range