Yeah, read it if you like adventure movies, because today was like that. Blind in the jungle. Or maybe drama for me... Guys, the best advice I can give, based on statistics from today: I'm short, so >97% chance price will go up...

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I would vote for a move down. But don't ask me why. Just some intuition. I cannot put any reasoning behind unfortunately.

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On zone below you mean the one I marked below? The old one? 'Cause for me the smaller / more recent zone is indeed cleared already. EDIT: now with picture... I'm getting tired.

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Please Dare123, don't quote me on this one, this is not what, and especially how, I wanted to say!!!! All the people here are doing their best to help each other, and there might be millions of reasons why we are failing at this technique. It might ...

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This is what I cannot figure out. If anybody has a pragmatic logic here, could you pleeeeeaase share it? I'm begging you.

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Well, my whole family working as teachers, I dare to say it's not only up to the student... On the other side this is a very unique technique, and our minds need time to adapt. And it apparently takes longer than expected... Eurusdd is doing a great ...

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Perfectly well put. And the reason being.... ???

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Nice play of the brokers. I could see price jump down more than 10 pips right on news time, just to kick in stop orders, and then 1 bar later there's stop hunting already...

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Fantastic. Daily S1 is kinda' still holding...

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That's something I'd like to know as well. As purely from a mathematical / algorithmic perspective, ZZ is confirmed only if the number of bars set in ExtDepth have passed without a lower low / higher high than the marked one. EDIT: for our settings ...

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Not yet. It can go lower if a new candle pushes price lower.

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I wouldn't dare to put any trade before Bernie... But after these two days, I'm more than cautious...

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Of course, if another one goes lower within the specified number of candles range.

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And you are not alone...

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I do not yet see dissim. Also how can we be sure ZZ bottom is already complete? Price might continue to fall and ZZ will just redraw... Hope not, I'm at losses currently...

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Yes it has.

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Guys, let me be wrong, but this is not working as it should. It will break through the zone below, once news will cause the turbulence and this dissim...

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I hope so as well... Currently it's the most classical example of a perfect slow downtrend, on M1, M5 and M15...

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I'm not sure... From one perspective, I'd tend to agree, everything you outlined seems 100% logical. On the more fundamental side, NY is just about to open, news will come as well, plus yesterday news were USD positive, and we're yet to see a ...

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Hmmm. That long I took doesn't really look like a great idea... I exited one half for a minor profit, but still the position overall is -($$$). Still holding on to it though.

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