I knew it!!!!!! Truth be told, even I noticed the 1-2-3 failure in the Euro. It showed up on the 5 min too. I thought to myself, 'that sucker is going down.' Pea soup most of the time, though. I'm in no hurry. If it was easy, everyone would do it.
Haha, yea... And it's considering you don't mention tick charts, smaller than a minute which you use...
lets try and sort this out so they don't fool you Blue is 4 hr A-B-C and it's exact to the pip Red is 1 Hr A-B-C approx - 4 hr rules I had to adjust the prior TL because was not well drawn as proved by PA ignoring it. Instead took a parallel which coincided with PP. Then took EMTL thru 1st reaction low for a time and price zone on an inportant TL (dotted) So it looked complete to me - and looked like needed a breather too Your CCI should be close to coming out the top of your monitor and we get a KR. NOW... next bar is not a bullish bar - it's broken to low of a reversal bar and in candle parlance is a Spinning Top meaning traders heads are spinning and they don't know what to do next. Sure it could go up... or down... or sideways... so look at prior action. All they are tring to do is shake you out. But this was a very tradeable if you were not sure. Learn guitar, sit on hands or trade the swings - this one was easy on a small TF but unless you pulled the signal together could fool you. Main lesson CF is Spinning Top folowing A-B-C... not bullish