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Re: *WIP* FerruFX's Multi-Info Evo

econome, Mon Nov 12, 2018 12:26 am

I have no problem with that at all, Jimmy, just grateful to be kept in the loop about developments.

Here's some analysis of GBPUSD. Provided Brexit keeps having problems, the downside looks strongly prevalent as we enter a possible third wave on H4. The MA8 and the MA20 columns ought to offer really excellent trend identification confirmators.

My shapes and marks on the messy chart show areas of possible time and price confluence from the pitchforks, and multiple fibo projections. What is sure is there is a bunch of levels for selling off abive the current market price, especially in the zone I've marked with a red triangle. Stops at around 1.3075, or for bigger reward trades, above 1.3120, I think will offer at least 1.2880, if not 1.2800 and if this really becomes a wave 3, then 1.2620 at a minimum. 1.2390 would be normal in fact.

If I had to predict a 'home run' trade, I would say 1.2600-1.2630 on the morning of the 13 November (confluence marked with a purple circle)!

No guarantees for any of these, just some ideas for patient shorts. I am often extremely wrong in predicting price-meets-time outcomes.

But the principle of shorting now is very clear from both the Elliott wave pattern and the confluence of indicators from the Multi-Info Evo.

I will work on clarifying and tidying up the template, or providing two separate charts.
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