The formation remains bearish on every TF- up to daily- until the high at (v) @1.37888 is broken. I use EW to pinpoint potential reversal and continuation levels. That's all. How we trade retracements inside the ABC move is up to us traders. image ...

Coreg's EW+HP+D/W Range

Whale, the 2nd push during the London session made it more difficult. The 1-5 is still valid, but hanging by a thread. image image

Coreg's EW+HP+D/W Range

Continuation of yesterday's thought process, until the market proves me otherwise.

Coreg's EW+HP+D/W Range

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Coreg's EW+HP+D/W Range

birdland, thanks for showing me the trick with the channel...cool.

Coreg's EW+HP+D/W Range

Sure, it's my bread and butter. I use the prior day's range to scalp, keeping in mind the direction from the daily TF. image image

Coreg's EW+HP+D/W Range

That's why I follow only 2 TFs0 daily and 30M, and trade towards the zone on the daily TF. On the 30M chart, I look for ChoCh, BOS.

Coreg's EW+HP+D/W Range

With the news, changes are quick. Who is Chancellor Reeves?

Coreg's EW+HP+D/W Range

JereMi, anything is possible with the markets. image Check the daily TF to have a broader perspective. image

Coreg's EW+HP+D/W Range

We have a pattern, price (inside the zone), and time (7-11 days ), done. Now we want the level to hold... maybe...

Coreg's EW+HP+D/W Range

Let's monitor whether DXY will hold a potential completion level of the ending diagonal wave at 96.48. image

Coreg's EW+HP+D/W Range

Potential high can be in place.

Coreg's EW+HP+D/W Range

2 resistance zones to watch ...on 15M TF GU makes LL-LH.

Coreg's EW+HP+D/W Range

Pat, I watch the Dollar Index. Min for e swing was done, so maybe GU run up is close to end.

Coreg's EW+HP+D/W Range

Pat, at least you have an admirer.

Coreg's EW+HP+D/W Range

Pat, I see 2 reasons why GU failed to make a second retracement leg after the overnight high. 1) We deal with extension in wave 1 2) GU makes irregular B image image Option with Irregular B image

Coreg's EW+HP+D/W Range

Birdland, we were lucky that the market cooperated with our view, hit a maximum for the move, and now we are looking for a retracement. image We drop to 15M TF and look for the ABC correction to the swing on the 4H cahart. Zone at (b) has to hold ...

Coreg's EW+HP+D/W Range

Pat, the same 'ol, same 'ol day after day.

Coreg's EW+HP+D/W Range

Intraday update...

Coreg's EW+HP+D/W Range

birdland, the targets depend on which swing we trade.

Coreg's EW+HP+D/W Range