EURCAD The P0/P1 Schiff P3-P4 ML Picks Major Reversal at P5?
Hello all,
I am anticipating this to be the Low for a STRONG REVERSAL move to target area 1.47259 - 1.47406 and even as far as 1.48300. Below are my reasons
Reason 1: P0/P1 Schiff P3-P4 Median Line HIT!
Reason 2: P2 - P3/P4 Price failed to hit ML.
Reason 3: 5 Major Pivots to final low 1.44171.
Reason 4: 5 minor pivots within Major P4 to P5 move.
Reason 5: Notice the 5 alternate bar closes (asterix *) beginning at probable P5 bar. This is another confirming tell that the market is at P5.
PS: The Grid to the right of the chart are areas to watch for key reversals both in time ( T1, T2 etc ) and Price ( % Levels ) on the way up to Target Levels and beyond. Let's see how the moves unfold.
Sincerely,
TIK
I am anticipating this to be the Low for a STRONG REVERSAL move to target area 1.47259 - 1.47406 and even as far as 1.48300. Below are my reasons
Reason 1: P0/P1 Schiff P3-P4 Median Line HIT!
Reason 2: P2 - P3/P4 Price failed to hit ML.
Reason 3: 5 Major Pivots to final low 1.44171.
Reason 4: 5 minor pivots within Major P4 to P5 move.
Reason 5: Notice the 5 alternate bar closes (asterix *) beginning at probable P5 bar. This is another confirming tell that the market is at P5.
PS: The Grid to the right of the chart are areas to watch for key reversals both in time ( T1, T2 etc ) and Price ( % Levels ) on the way up to Target Levels and beyond. Let's see how the moves unfold.
Sincerely,
TIK