This one is for those who might be students of Ross Beck's Emblem work. It is not a full blown emblem, and I have taken liberty with my version of the Fibonacci Fan concept that he uses to set Time based retracement levels within his emblem. However, in this case it shows something of a "Wormhole" located on the 61.8 blade with the 78.6 blade as time based resistance. Note the Early Warning, after suffering some upside pressure, has now moved closer to this GBPUSD Standard D1 B2i painted on an M15 chart.
Before:
http://i60.tinypic.com/znlj7n.jpg
After:
http://i62.tinypic.com/97p8c1.jpg
A decent Early Warning Entry Windows where you did not have to wait until price moved beyond the Intersection Point where the two Mirrored Projection lines met. Keep in mind that this B2i was made by the market (not me) between 0000 hrs and 1600 hrs during the 7/31/2014 trading session. The early warning break of the Upper Mirrored Projection line happened at 1845 hrs on 7/31/2014, creating the "early warning" trigger and establishing an entry window based on the three principles below (reprinted):
A) If price continues to reel higher, even establishing a new Higher High, then the Fall Line is still BELOW the point of entry. Maximum logical protection.
B) If price stops after it penetrates the opposite mirrored leg and then moves down, it initiates the profit phase sooner rather than later.
C) The only thing that can prevent a successful trade in that situation would be if the pattern itself was an historically anomaly.
I'm merely overlaying the Encircled Fib Fan to show which time based Fib blade was closest to the early warning trigger area. Lastly, take a very close look at which Fib blade passes through the B2i Fall Line. You will note that Fib blades 50.0, 61.8, 78.6 and 88.6 will all (at some point in time) pass through this Fall Line. What's the potential significance of that? It is significant because you can know which Fib blade interacts with the Fall Line before it happens, as both the B2i pattern and the Fan can be known ahead of time.
Before:
http://i60.tinypic.com/znlj7n.jpg
After:
http://i62.tinypic.com/97p8c1.jpg
A decent Early Warning Entry Windows where you did not have to wait until price moved beyond the Intersection Point where the two Mirrored Projection lines met. Keep in mind that this B2i was made by the market (not me) between 0000 hrs and 1600 hrs during the 7/31/2014 trading session. The early warning break of the Upper Mirrored Projection line happened at 1845 hrs on 7/31/2014, creating the "early warning" trigger and establishing an entry window based on the three principles below (reprinted):
A) If price continues to reel higher, even establishing a new Higher High, then the Fall Line is still BELOW the point of entry. Maximum logical protection.
B) If price stops after it penetrates the opposite mirrored leg and then moves down, it initiates the profit phase sooner rather than later.
C) The only thing that can prevent a successful trade in that situation would be if the pattern itself was an historically anomaly.
I'm merely overlaying the Encircled Fib Fan to show which time based Fib blade was closest to the early warning trigger area. Lastly, take a very close look at which Fib blade passes through the B2i Fall Line. You will note that Fib blades 50.0, 61.8, 78.6 and 88.6 will all (at some point in time) pass through this Fall Line. What's the potential significance of that? It is significant because you can know which Fib blade interacts with the Fall Line before it happens, as both the B2i pattern and the Fan can be known ahead of time.
F-X-C-M | A Classic Retail Bucket Shop Scam Artist Who Manipulates Prices