A little spike down on AU to complete the short T5_103, and then resume upwards would be perfect!!

Are support and resistance levels predetermined?

Well I'm bullish on EU longer term, so I favour the 3398 as a pullback and I can see EU going to 1.44 as Bobi does. But I could well be biased because it would make it easier on my account to do it that way . I do see more upside template ...

Are support and resistance levels predetermined?

Hey Zo It is a significant level, but I have to say I'm not sure its because of the T4F template. Reason I don't see it on the T4F is that price hasn't traveled from the 23.6% in the upper phase. Also, it would only be a signal for the setup action, ...

Are support and resistance levels predetermined?

I hope so too. I still have the T4Y_680 short open, which I would REALLY like met, before it advances up again. I do see this as a pullback in a longer term bull trend - it would be great if it would pull back far enough to hit that 1.3398 and then ...

Are support and resistance levels predetermined?

EU Target met.

Are support and resistance levels predetermined?

Sorry - PA means Price Action (candle patterns etc)

Are support and resistance levels predetermined?

T5_103 long target reached I'm going to keep it open and target the T4Y_680 target (1.6868)

Are support and resistance levels predetermined?

Absolutely - I think we can all trade the templates differently and learn from each others experiences and findings.

Are support and resistance levels predetermined?

I should think with your approach you can be flexible. If your going with a 15min pbar or outside bar to confirm the reversal back into the 105 direction, then just under that (or just under the S->R/R->S). If it gets taken out, then you can always ...

Are support and resistance levels predetermined?

That's helpful thanks - I know you'll get asked, what do you do about SL?

Are support and resistance levels predetermined?

Just out of interest, how are you deciding on the pullback? Is it PA on a certain time frame? Or pullback to a specific level?

Are support and resistance levels predetermined?

That's fantastic Al. Congratulations. Thanks for sharing your methodology as well.

Are support and resistance levels predetermined?

Thanks Spuspala

Are support and resistance levels predetermined?

Ahh - I see. PS that's why mentioned post 726, as this year's baselines are there - but SP's sorted you out.

Are support and resistance levels predetermined?

My GU T5_103 sell ordered triggered as well. TP 1.65427

Are support and resistance levels predetermined?

Here

Are support and resistance levels predetermined?

I don't know if it has been abandoned - people are still using it. But Bobi never referred to it with regards to this (his latest system), so I would encourage those who want to pursue it, to do so in the other thread.

Are support and resistance levels predetermined?

What do you mean?

Are support and resistance levels predetermined?

GU T5_103 Long TP - 1.67153

Are support and resistance levels predetermined?

Filostro - I'm not sure I undertand what you asking. The first 15 pages of the thread contain just about everything you need to understand how Abonacci works - and this year's baselines for EU are in post 726.

Are support and resistance levels predetermined?