Heres current example. We are in the last leg of a 3 drives pattern inside of a decending expanding triangle. And wave 4 of 3. Which should correct down to the blue box at 68.1 and or 76.2 at bottom trend line. Wave 5 of 3 of c will retest the high. That leg I'll sit out and wait for either break or failer of resistance.

Note: Position was from top trend line, closed to lock in profits and re opened half size at current location. (always take caution against the trend. and be ready to hedge, or reverse direction.) I will be looking for wave 5 to truncate and fail at next top trend line test.

Dave

Attached Images

wedges & ascending-decending triangles.gif (59.2 KB, 410 views)

Hi,
I guess that is a valid bat patten with a potential reversal 1.9791. If it is wrong tell me please .

Attached Images

bat.gif (23.4 KB, 367 views)

Long time no see. Kiwi bear flag. It's mostly bearish.

Attached Images

kiwibearflag.gif (9.3 KB, 291 views)

__________________
My Forex Blog

Close Friday above 2.0500 is confirmation of the previous days break out of the corrective range. Enter long apon opening, or wait to see if there is a short pull back.
The pull back looks like it would be less than 100 pips so I wouldn't be against en entry on opening of the market today. Depends on open level and if it gaps up.

Dave

Attached Images

gbp$ flag.gif (31.7 KB, 258 views)

This is why I never trade this pair.

No News, nothing really going on, but the gbp$ crashes over 150 pips..

Thats just retarded

Rare diamond. I have no idea which way it'll break out and when it'll break out. We'll watch it like a hawk.

__________________
My Forex Blog