WL @ 1.34 held. GU hit the ATR exhaustion level for the day.

Coreg's EW+HP+D/W Range

Ozzy ...Crazy train.... playing now on Q 104.3 NY's classic rock station

Cable Update (GBPUSD)

The EU is approaching a potential complication zones for the abcde pattern and DRE. image 5M TF-trigger chart. image

Coreg's EW+HP+D/W Range

The dollar wakes up, but the 99 level remains strong resistance nonetheless.

Coreg's EW+HP+D/W Range

Adjusted wave labeling. GU still makes LH-LL. The first resistance zone is between 1.3446-1.3452

Coreg's EW+HP+D/W Range

Before the storm...Potential targets if wave 5 is in place.

Coreg's EW+HP+D/W Range

Possible 2 patterns in play. Continuation -wave (v) or flat correction ABC.

Coreg's EW+HP+D/W Range

I didn't update some levels from Friday on my previous chart. Sorry.

Coreg's EW+HP+D/W Range

Gold reached min for wave C and made daily extensions on both ends of the daily bar. Tough trading in the NY session can be ahead.

Coreg's EW+HP+D/W Range

Targeting for today 1.3506-1.35. A strong TL breakout before the target is reached invalidates the setup.

Coreg's EW+HP+D/W Range

Waveski, gold has a problem taking out WL @3345.13 so far. Just saying...

Coreg's EW+HP+D/W Range

Stay focused on the task at hand. You don't need a weekly or monthly chart during the day. Just monitor the last swing (daily range) to make sound decisions. Eliminate distractions when you trade. GU moved down during my writing.

Coreg's EW+HP+D/W Range

Thoughts continuation from the prior post.

Coreg's EW+HP+D/W Range

Agree, yesterday I missed the move... b/c of the daily range (45 pips) we drop to lower TF and trade the last swing, looking for the end of the correction and resumption of the trend to the upside. If the market proves us wrong, we adjust and move ...

Coreg's EW+HP+D/W Range

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Cable Update (GBPUSD)

...or scratch his bools without anybody knowing of it? LOL

Cable Update (GBPUSD)

rehmatkhan, I agree with your labeling. The market can prove us wrong... Now we monitor the ABC correction of the prior swing (i)-(v) on 1H TF.

Coreg's EW+HP+D/W Range

The retracement zone has to hold. It seems like I post the same dollar chart over and over. A close above 98.95 should encourage dollar buyers.

Coreg's EW+HP+D/W Range

If wave 5 is in place, we should play for today's retracement to the (iv)-(v) swing.

Coreg's EW+HP+D/W Range

The bears were not strong enough to hold the price under TL, now we play BPC (breakout, pullbac k, continuation) image For the day, GU reached the potential reversal zone. Don't rush. Wait at least for ChoCh. image

Coreg's EW+HP+D/W Range