Thread: Price reversal points

Originally Posted by duggils

Already milked this cow twice last night. Now waiting for a short signal again.

Its not budging and I am calling it a week. Will revisit it if the setup is still there on Monday. Have a good weekend y'all!

Hi diggils,
Glad you could milk the NZ! I presume you mean up and down?

Have seen some interesting patterns on eurusd, alas in hindsight.


If today's closing pattern is a BP, price could go up to 3290

Now to finish off that cigar stub I left in my shed yesterday

Regards,


Mike

Hi All,

Some possibilities for GBPUSD next week. As you can see, a number of scenarios. Anyone care to comment on likely outcome?




If Friday was a balance point, then it could go up to 6000.

Have a good weekend; I'm still sanding doors


Regards,


Mike

Hello All,

For those of you who followed my indices observation of last week you should be sat on good open profits by now.
CAUTION: I still think we have seen an intermediate top of several weeks duration, however, price missed the upper TL
1416 target/ 1413 actual S&P500 (sue me). I know this appears close enough but this can often signal a fast reversal to the original target of 1416. Its the old "sucker punch" to stop out early longs. If short, stay short but be alert for this.

Regards

Steve P

Hi,
Noticed this ABCD & 1-2-1 bullish (although box text says bearish!) a bit late. It hit a trend line coming from way back from swing low on 15th Dec 2011. The line AA passes through a BP in the down leg from line BB (which comes from the same 15th Dec low).

When price gets to the centre line, I'll keep an eye on it in case it looks like reversing off it.

Cheers,


Mike

PS Entry point candle is hidden by green box.

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