[Branch closed!] EURUSD - Trends, Forecasts and Consequences (Episode 4) - page 485
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My weekly TP has not worked out yet, very behind schedule. Therefore it is possible to accelerate with a gap:
The accumulation of the upside offerers to 1.46 might interfere, we will see at the end of the day, I am betting on the Euroena for now, I am sitting in b.u.
That's better,
I've been drawing this wolf for a week now :-)
It's irrelevant, but MN is even cooler.
Since the wolf is a channel beast, one would assume the formation of a reverse wolf (but I don't see any foundation for it, only if default):
Since the wolf is a channel beast, the main players have bet on the reverse wolf:
Those who have been involved in woofs for a long time know that the 5th point very often does not work out and a confirmation is needed to enter.
Those who have been working on vulphs know that the 5th point often fails and you need a confirmation to enter.
Here are two wulffs that have worked out fine:
It's just that a wolf is a channel pattern and then you start applying it as a reversal pattern and it's a bummer...
Those who have been in a long time know that the 5th point often fails and needs a confirmation to enter.
If we jump out of the bold dark blue channel, we go up, if not, it's a reverse wolf...
If we jump out of the fat-dark-blue channel, we go up, if not, we go back up...
This graph is shown as an example. It has a circle around the expanding triangle. For example.
It all depends on Monday's volumes.
If there is volume, there will be a drop.
But if they pull back overnight, the picture will change.