GU reached 220% daily ATR(14), which should be enough for today.

Coreg's EW+HP+D/W Range

sharingan9, why would you do this? You have excellent charts. During high volatility, your levels will be reached quickly. But reading the structure is the same as during dull markets.

Cable Update (GBPUSD)

Whale, I was betting on 5 fractals in Wave C. But you know how it works: One news story and the pattern go in flames. This time, the market cooperated with my view. image The swings today (daily, weekly) were unseen in the long, long time. image ...

Coreg's EW+HP+D/W Range

5 pips support zone between YH and WPP @ 1.2940-1.2935 respectively held during early minutes after NY session opened and the target for the day was reached.

Coreg's EW+HP+D/W Range

In the dollar index, I target for now the zone for the end of the Gartley pattern @103.52-103.37

Coreg's EW+HP+D/W Range

And more range trading...The first resistance zone is between 1.2953 and 1.2962. Suppose YH holds potential target @1.2980

Coreg's EW+HP+D/W Range

On Friday, GU made an ID/NR4 bar on the daily chart. Today, it's still in Friday's range. So far, there has been no indication of which end of the range will break. Range trading between R1 and S1.

Coreg's EW+HP+D/W Range

The bullish flag is in the making. The last resistance zone between 1.2977-1.2984

Coreg's EW+HP+D/W Range

For 6 trading days, GU can't retrace to 38.2% @ 1.2841 of the last swing up-potential wave (iv)-(v). We are talking about 180 pips in 6 days. What is cooking behind the scenes?

Coreg's EW+HP+D/W Range

Whale, there is still more than one scenario possible on the dollar chart to unfold. IMO, the best thing to do is concentrate on the daily range of the instrument you trade if you are not a swing trader.

Coreg's EW+HP+D/W Range

The dollar index update.

Coreg's EW+HP+D/W Range

GU is stubborn and doesn't want to go down, so trade what you see on the smaller TF. Watch 1.2950 for reaction.

Coreg's EW+HP+D/W Range

Objective for the day achieved. The daily S2 and DRE (yellow box) were reached. YL and the daily S1 reinforce the first resistance zone @1.2902-1.2910.

Coreg's EW+HP+D/W Range

Still targeting 1.2840 to the downside.

Coreg's EW+HP+D/W Range

4hH TF has to support zones @103.88-.83 and 103.58-.34. Iqually important is the shape of the recent move. The swing up has overlapping sections; hence, it is not an impulse move but corrective.

Coreg's EW+HP+D/W Range

If WPP @1.2950 doesn't hold shorts can be screwed royally.

Coreg's EW+HP+D/W Range

Whale, anything is possible, but the dollar must first flip to HH-HL and trade above 106.13 to screw 1-2-3-4-5 pattern.

Coreg's EW+HP+D/W Range

Here is the dollar daily chart to complete the analysis. image

Coreg's EW+HP+D/W Range

The bigger picture- 4H TF. If the last zone for the retracement @1.2983-1.3001 holds, Wave (c) should follow at least to 1.2800. That's the March swing analysis.

Coreg's EW+HP+D/W Range

GU is stubborn and doesn't want to go down.

Coreg's EW+HP+D/W Range