EURUSD Action/Reaction Lines call P5 reversal!
Hello all,
Let me begin by thanking Fibline for highlighting the big blue downward pitchfork which highlights the importance of counting pivots in median line study. I urge you to look at his chart first as it is a critical first step when looking for P5 reversals. Kudos to you Fibline:)
IDEA 1: After BIG P4 is confirmed Counting the EW abc then the 5 RED Pivots.
IDEA 2: Looking for RED and BLACK P5 after RED P4 confirmed after hitting the upper Parallel and reversing.
IDEA 3: looking to Re-enter on the Retest of the reaction line.
IDEA 4: looking for good Center lines to measure action/reaction.
IDEA 5: A/R Lines where drawn after RED P4 was confirmed....You then had the Target for P5! & the likely EXIT!
IDEA 6: Upward angled Action Lines ( A1 & A2) from TOPS to call BOTTOMS.
I hope you enjoy these idea's, especially how these lines converged to call the P5 Low to the 15 Minute BAR!!
Sincerely,
TIK
Let me begin by thanking Fibline for highlighting the big blue downward pitchfork which highlights the importance of counting pivots in median line study. I urge you to look at his chart first as it is a critical first step when looking for P5 reversals. Kudos to you Fibline:)
IDEA 1: After BIG P4 is confirmed Counting the EW abc then the 5 RED Pivots.
IDEA 2: Looking for RED and BLACK P5 after RED P4 confirmed after hitting the upper Parallel and reversing.
IDEA 3: looking to Re-enter on the Retest of the reaction line.
IDEA 4: looking for good Center lines to measure action/reaction.
IDEA 5: A/R Lines where drawn after RED P4 was confirmed....You then had the Target for P5! & the likely EXIT!
IDEA 6: Upward angled Action Lines ( A1 & A2) from TOPS to call BOTTOMS.
I hope you enjoy these idea's, especially how these lines converged to call the P5 Low to the 15 Minute BAR!!
Sincerely,
TIK
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