High alert. The Loonie on CADJPY could be heading for an about turn.
Spot the probable channel and trend switches on this 6H chart.
Spot the probable channel and trend switches on this 6H chart.
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. 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).
Note
Well, that didn't work. End off. Move on. :)
FED balance sheet 42% of GDP @ 2020-01-26. Does money have value anymore? [Different perspective on the virus youtu.be/NjTdvALChwk ]
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
FED balance sheet 42% of GDP @ 2020-01-26. Does money have value anymore? [Different perspective on the virus youtu.be/NjTdvALChwk ]
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.