Harmonic Zigzags - page 18
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zup 20/27
Chart 20)
USD/CAD formed a 7-5-3 hitting the Weekly (Orange) beam of support.
It forms a Bearish Butterfly from 4-3-1 and hits the Daily
Resistance 1.
It retraces and may continue it downtrend.
zup 21/27
Chart 21)
USD/CAD hits the Weekly (Orange) beam of support. Hits all the Daily Support levels.
It retraces to the upside.
zup 22/27
Chart 22)
EUR/CAD formed a 5-6 that hits the 4 Hour (Magenta) beam of resistance.
Formed a Bearish Bat from 4-3-2-1 and went up.
Hits the Daily Reistance and Daily Pivot and retraces but not for long.
Since EUR/USD is still strong, EUR/CAD may still go up.
zup 23/27
Chart 23)
EUR/CAD formed a Bullish Gartley.
It may retrace a bit but the uptrend is still strong.
zup 24/27
Chart 24)
AUD/CAD hits the Weekly (Orange) and 4 Hour (Magenta) beams of Resistance twice and retraces.
Formed a 8-6-4 that hits the 4 Hour (Magenta) beam of resistance. A Bearish Butterfly was formed.
We received a SELL sign but looks more like moving in a range.
zup 25/27
Chart 25)
AUD/CAD did a Double Top hitting the Weekly (Orange) and 4 Hour (Magenta) beams of resistance.
Also hit the Yearly Resistance 1 twice.
From there, there is a strong retracement to the downside.
zup 26/27
Chart 26)
1. Be aware of the Support and Resistance areas.
2. Be cautious of the Daily Pivots, Weekly Pivots, Monthly Pivots and Yearly Pivots.
3. Watch for the Beams of Supports and Resistance from ZUP.
4. ZUP beams of supports/resistances are:
a) MONTHLY beams: Yellow ....
b) WEEKLY beams: Orange ....
c) DAILY beams: Red ....
d) 4HOUR beams: Magenta ....
e) 1HOUR beams: Aqua ....
5. Learn to read the numbers of ZUP 77. Noticed the following:
a) When the formation of 8-6-4-2 comes in, you will get an UPtrend.
b) When the formation of 7-5-4-3-1 comes in, you will get a DOWNtrend.
c) Best confirmation for a trade is when you hit a Beam area that has the Monthly, Weekly, Daily, 4 Hour and 1 Hour area.
d) Placed a confirmation window:
1. Zero Lag Stocs Green
2. QTA_v3
If you noticed, the Magenta QTA_v3 line will confirm the movement of 8-6-4-2 went on an UPtrend, but hits the beams of resistance and went down.
zup 27/27
Chart 27)
Hope that points on where to put trades and take profits are clear. Took 2 years to get it down and happy about it.
The 5M is only used for scalping a few pips.
For bigger pips, use the MN, W1, D1, H4, H1 for the big trend and enter on 15M.
If you can handle the H1 movement, this is a better place to enter.
Template used = ,3.3.08qta = h1>
Chart 27)
Hope that points on where to put trades and take profits are clear. Took 2 years to get it down and happy about it.
The 5M is only used for scalping a few pips.
For bigger pips, use the MN, W1, D1, H4, H1 for the big trend and enter on 15M.
If you can handle the H1 movement, this is a better place to enter.
Template used = ,3.3.08qta = h1>Hi mlen77, thanks for your great jobs!
Since you had attached all the indicators and templates you use, and it's quite numbers of them. I'm not very sure, which template should I use, hope you can further clarify.
Thank you very much!
Chart 26)
1. Be aware of the Support and Resistance areas.
2. Be cautious of the Daily Pivots, Weekly Pivots, Monthly Pivots and Yearly Pivots.
3. Watch for the Beams of Supports and Resistance from ZUP.
4. ZUP beams of supports/resistances are:
a) MONTHLY beams: Yellow ....
b) WEEKLY beams: Orange ....
c) DAILY beams: Red ....
d) 4HOUR beams: Magenta ....
e) 1HOUR beams: Aqua ....
5. Learn to read the numbers of ZUP 77. Noticed the following:
a) When the formation of 8-6-4-2 comes in, you will get an UPtrend.
b) When the formation of 7-5-4-3-1 comes in, you will get a DOWNtrend.
c) Best confirmation for a trade is when you hit a Beam area that has the Monthly, Weekly, Daily, 4 Hour and 1 Hour area.
d) Placed a confirmation window:
1. Zero Lag Stocs Green
2. QTA_v3
If you noticed, the Magenta QTA_v3 line will confirm the movement of 8-6-4-2 went on an UPtrend, but hits the beams of resistance and went down.Hi mlen77, I have one more question regarding the formation of number and the trend prediction.
Attached is a daily gold picture. I noticed that the number formed is 7-5-3-1 (don't know why 4 missing), and the price hit 4h to monthly resistance. But why it's still going up? Any problem with my chart?
Thanks!