Pat, close below 201.27 negates the labeling. The BC leg should have 5 fractals. image Pure speculation with the data on hand. image

Coreg's EW+HP+D/W Range

Pat, you want me to be poor... Didn't touch GJ since May. I will adjust to the current PA later.

Coreg's EW+HP+D/W Range

Gold relentlessly marches up and up... image url

Coreg's EW+HP+D/W Range

After the abc pattern GU, it seems to have made a 1-5 pattern on 15/30M TF

Coreg's EW+HP+D/W Range

flag formation. image image

Coreg's EW+HP+D/W Range

Swing high at 4 (1.3370) tested overnight.

Coreg's EW+HP+D/W Range

ScalaFX, awesome , but you know what is more impressive? That you have your own plan and you're sticking with it. Nobody can sway you, only the market. The D point for completion of the bearish crab pattern is ...

Coreg's EW+HP+D/W Range

ScalaFX, President Trump might get the credit for the potential drop...

Coreg's EW+HP+D/W Range

ScalaFX, I took the screenshot when I posted the question. If scenario #1 is in play, how would you enter the trade? PA, swing low taken out on trigger chart (5M)? or something different? image My gold futures chart image

Coreg's EW+HP+D/W Range

Come on, which scenario will be in play? Anyone?

Coreg's EW+HP+D/W Range

2 scenarios potentially in play... image image

Coreg's EW+HP+D/W Range

Abeylyn, I treat HP as simplified EW. Yes, good eyes. Wave 3 is the most powerful most of the time, and can be treated as point D. Remember, it's discretionary trading, so we do not always reach our target because traders use different time frames. ...

Coreg's EW+HP+D/W Range

Abeylyn, no problem, any time. Like any trading method, HPs require constant evaluation and decision-making. Two lines of quantitative analysis (PP's, ATR, ADR) tell you what to expect for the day/week. image Added: The yellow box is always a ...

Coreg's EW+HP+D/W Range

Waveskie, any news on how your buddy Leon "the shark" is doing these days? He got the same long entries as Meathead.

Cable Update (GBPUSD)

Gold reached 161.8% WRE and 150% weekly ATR(14), (check the levels on the chart below). The expected reversal for the weekly range is often on Tuesday or Wednesday, but it isn't a rule. Just examine your trading method to see if it indicates a ...

Coreg's EW+HP+D/W Range

Abeylyn, there is always a harmonic pattern in play on any TF. Look first for the anchor leg XA, 2 retracements B and C, and move to the D point. Retracement of the B will determine what pattern to expect. In our case, 50% ret. telling you to expect ...

Coreg's EW+HP+D/W Range

Gold is going up and up. Retracements ABC are shallow after 1-5 patterns. I trade it as a daily range extension b/c nothing else makes sense to me.

Coreg's EW+HP+D/W Range

The EU is much weaker than the GU but still holds Friday's low. image

Coreg's EW+HP+D/W Range

GU still holds the support zone marked on Friday. image

Coreg's EW+HP+D/W Range

other examples... image image image You don't need to know harmonic patterns or the Elliott waves principle; follow one diagram. image

Coreg's EW+HP+D/W Range