The Loonie may hold opportunity for a short

30 mars 2019

High alert. The Loonie on CADJPY could be heading for an about turn.
Spot the probable channel and trend switches on this 6H chart.

30 mars 2019

Note

There may also be an alternate ABCD in there. Contrary to popular belief, there is not just one ABCD pattern in harmonic theory, but a spread of them. They are not predictive but rather create probabilities.

30 mars 2019

Note

Note also that price has penetrated a wide zone of investor Guppies. This creates two possibilities.
1. a powerful reversal for the north, or
2. a powerful probability for rejection in the hot zone.
What people want is prediction. Prediction is a myth.
Overall I estimate probability is greater for the south at this time (only).

1 avr. 2019

Note

Well, that didn't work. End off. Move on. :)