a very bullish chart..on the latest uptrend,there are no downside vertical counts that are active imho...buy the dips an opinion only..not a trading call
christmas has come early for daytraders and short term traders... chart is of eurusd etf.eurusd is the main constituent of the dollar index whiich has been calling the shots for all indices since last march 15 min data points.box size 0.21 by 3 reversal red arrow..this was a bull trap .so is now a strong support area green arrow..a catapult forming.need to see rising lows for a good break above the resistance.we watch out for these.so plenty of volatility between these boundaries just an opinion
same chart 60 min close data %box size by 3 reversal if this is a bottom,then we can perform a horizontal count a break above the red line activates the horizontal count,with a target of 24.75 area.approx 7.5% away dollar looking bullish.even more so if it closes above 23 on the 60 min chart.that will correct the stock market just an opinion
update...the bulls got rejected.we are retesting the uptrend now,but still a downtrend.the major influence
i am a serious latecomer to this thread but want to learn much more about P&F.........any helpful advice on where to go to learn from the start (i never used p&f before) would be appreciated.... thanks in advance
I'm actually quite familiar with P&F charts, but which "holy grail" posts are you talking about? There are literally hundreds of them, mostly jokes and unrelated to each other. Haha, never mind. HolyGrail is the name of the OP of this thread.