MrPresident, my thinking is: if the market has been random we wouldn't have the patterns...but I always can be wrong. Good luck with your trading.

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Moty, (good to see you here)...if a prior move to the upside was indeed W1)-(5) I expect A-B-C correction and then another move to the upside to form zig-zag pattern...why do you think it will go below low established on 04.26 ?

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Yes, it was a nice pump...

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What if this isn't ABC but I-V pattern?

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image

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Any time...

Ratios & Harmonics: a Different Way to Trade

I am done today. Enjoy the weekend everybody.

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Here it is... url

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Thanks, WQ plus bonus below your post...still waiting for your charts.

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@Jp1, that's what I was talking about yesterday...

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Moty, you are the best.

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Personally, I don't see anything wrong trading 60 pips move to the downside in a bullish market if you know what are you doing...

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Jp, exactly like this scheme...we don't know yet all...

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brokertrader, would you be surprised if the market makes crab pattern?

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Like I said before, I will be comfortable with the high when 127.2% Ext.(at least) is hit and then double correction...Again on the same page.

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I like to be in a minority too. I hate crowd.

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unless we catch extension in W_(v)_5 ...alternate wave count below

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yea, but the pattern will be finished at 127.2%ext. but yes, the cluster was the target the rest is wishing

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1.15486 might be in play...we will see but 50% ret. on the daily chart has been reached so we don't want to be greedy. Nice job LCForex congrats.

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Miti, everything is in my profile (3 pdf files plus my posts) ...here I include pdf for basic knowledge of Elliott Wave Theory

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