EUR/USD sink then rise description

Which zone will be considered the most effective "zones" to consider for the next support/demand zone?

Green lines indicate "potential zones of correction or continued impulse areas"

Zones of red, green, purple(?) indicate a modified direction of fib numbers to my own preference...

Consider before answering...

My bias is that it will retrace slowly lower (retrace) around the last previous long green wick candle (1.1446) shoot up "again" to around (1.1471) or higher. After this, I would need to look at a "higher-time-frame" to verify next reversal/continuation direction based on bigger supply/demand zone movements.

This is all subjective to wave sequence being properly identified (I am not well-versed in waves yet. But when I get more free-time "after spilling coffee on customers/ and flipping burnt burgers" I will begin to properly identify the wave sequence whether it is a correction, or an impulsive movement.) I would consider myself "fairly dangerous" but not extremely dangerous in terms of knowing what I am doing "correctly".

I still lack adequate constant experience to be posting 100% confident with the zones, and other information...

Sometimes I will be right.

Sometimes I will be wrong.

I don't always have time to update/post/monitor the movements, and will make "rookie" considered mistakes.

I have a goal of my family to all be knowledgeable to trade if anything was to happen to me before I succeed myself.

Bình luận:

Bình luận:

Different Zone ideas..

Bình luận:

Another unknown zone idea

Bình luận:

If extending a lower leg downward, potential reversal areas?

Bình luận:

Truly,

The only thing to do is the ability to post "future unknown" exact zone reversal areas, with an analysis it could be right or wrong based upon different wave sequence algorithms that may or may be inaccurate for analysis for accuracy until actual time-frame has been met or "fundamentals" ideally support the idea.. *I.E.* Known market data feedback in market expected to be positive on *x* date and time, connecting with *expected* chart lay-out analysis of future potential movements.

Similar if not exact primarily to what big computer programs are used for analyzing data and feedback to major banks and corporations designed to harvest the money of "less-educated" traders without effective pocket books to spare.

"Not that I have proof of things like this take place or anything... just posing my opinions"