The end of the potential wave 5 was reached.

Coreg's EW+HP+D/W Range

fex., I would call it educated guesstimation...The weekly high, the most liquid spot for swing and daytraders, was surrendered by 120%ATR and R2. Logical target to go after the breakout of the channel. The flag formation is a continuation pattern. ...

Coreg's EW+HP+D/W Range

...and the winner is fex.

Coreg's EW+HP+D/W Range

Quiz: Which ATR(14) level will be touched after the rate decision?

Coreg's EW+HP+D/W Range

Potential end of wave 5 if the upper channel's TL is broken. image image

Coreg's EW+HP+D/W Range

fex., very nice. image image

Coreg's EW+HP+D/W Range

If GU leaves-channel- flag formation on the 4H chart, the downside most likely should be negated.

Coreg's EW+HP+D/W Range

updated NY Open.

Coreg's EW+HP+D/W Range

For today, only the 30M chart. I have a problem saving the chart directly. I have to use the snipping tool. image I spent a day and couldn't fix it. Investing.com works OK. image

Coreg's EW+HP+D/W Range

4H chart with a longer view. The first resistance zone is between 1.3327 and 1.3338. Timing for retracement has not been reached yet.Don't forget, today is a fun day.

Coreg's EW+HP+D/W Range

Exhaustion zone for today reached.

Coreg's EW+HP+D/W Range

Sticking to the sell side for now until proven otherwise.

Coreg's EW+HP+D/W Range

The swing (iv)-(v) should have 5 fractals (on 30M TF, we can detect them), so min expected drop should be 38.2-50% retracement. image image

Coreg's EW+HP+D/W Range

msqk, yeah, the level hit, but what a terrible way to reach it. Back and forth, back and forth. 1.3339 I think is the key. Still, completion of AB=CD @1.3297 is in play, b/c the retracement after Thursday's high is at a premium.

Coreg's EW+HP+D/W Range

9H ego, we got news about the expected rate hike...and what happened? Follow the chart, always.

Coreg's EW+HP+D/W Range

Not too much changed. GU has difficulty touching 1.3307. Do we get it? I don't know. Maybe, yes, no. AB=CD @1.3297 is the completion of the first pattern I would look for GU to bounce up. image image

Coreg's EW+HP+D/W Range

We need some force to push the price outside of the zone @1.3339-1.3375, b/c right now everyone is comfortable sitting in the middle.

Coreg's EW+HP+D/W Range

YL held overnight. Now, let's see if the bearish Gartley pattern will stop the retracement @1.3370-1.3378.

Coreg's EW+HP+D/W Range

fex., you are correct. Liquidity sweep seen even better on your 4H chart. Someone with serious money was sitting there selling relentlessly. It can be hard to move above today's high. Test of the WH @1.3269 possible tomorrow. AI overview. image

Coreg's EW+HP+D/W Range

Potential plays for the rest of the week.

Coreg's EW+HP+D/W Range