@Melchizedek, I don't really get much out of the advanced pattern drawing. I do like seeing the channels , and I think they intersect at .8650 , which would finish the current abc pattern at the extreme of a wave 4.:) Bye the way ,, how do u insert your charts onto this post.... thanks ...salsapete
@salsapete, I have had the most difficult time trying to post my charts under ideas, then I just took a picture with the little camera on the chart page, copied the hyperlink and pasted that hyperlink here in my post- I was surprised when it worked. Hope you don't mind me doing that, it's easier and more clear than just text to describe what I see.
@Melchizedek, Thanks for the input..... Yeh Pter has entry at .8676...... I'm looking at between the monthly parity pivot and .382 retracement of wave 5. 1 = .8620 - .8640 before I get interested in this pair to trade to the upside. :)
@salsapete, Since FLAGS like this one (with parallel channel lines) are a "Continuation Pattern" (most of the time) and when an impulse move leads INTO a FLAG like this, they tend (more often than not) to repeat after a breakout in the same direction when the flag is violated, and BY THE SAME AMOUNT as the incoming FlagPOLE. Often, the OUT pole is an impulse wave also. Since I LOVE catching impulse waves for a quick and low risk profit (very profitable, and they come with a target price built in to the pole) I NOTICE what leads into flags and often trade the outgoing pole too, especially when it aligns with other signals (like the current EWave direction).