Having working passed few hours with my favorite FX pair again, I ended something like this.
There is few things on there with this megaphone (expanding triangle) pattern:
– Firstly complex trees alternate walks also with expanding triangle structure as same number or waves when they potentially change whatever scenario would be accurate.
– If bottom pattern is this complex family as this one does, the response impulse likely not become anything simple 12345 either, those are all zigzag families which comes out from there.
With 15 min data chart this last impulse comes very clearly out from there as simple 12345 but not with higher degree because they are flats. I was actually allmost going to short this with clear 15 min divergence but decided to work offline.
(Currently long with it as potential W4 bottom again to get 50% from as safety secure for B (alternate W5) but for that I do not have any kind of time to update this)
However, have a look one of my recent chart for it as 4H data (It´s about ~3 week old where I also estimate this progressive flat run to become).
This is so damn fractal market with EW, everything which are basically build is the way or another related for the passed history what it has done on there.
One or two damn “X” business and nothing else ;).
Summasummarun; If you place and find one X position from your charts, prepare for exotic times with EW. There will be lot more of them on future 😉
