Today we compare two overlapping cross-rates:
1. the AUS$ &AUDCAD in Daily Basis versus
2. the AUS$ &AUDCAD 120 Min Bar.
The Daily market analysis shows a Bearish Divergence that is pulling the market down. However, is there a Bearish Divergence that "must" pull the market up?
Be aware that the market analysis in Daily Basis is most powerful when there is a Pattern either up or down.
In fact, all the graphs we plot in this Blog have the same Pattern, but the algorith search--in Real Time and in all time Frames-- for either lineal 1, 2, 3 ... or Fibonanci Series 1, 2, 3, 5, 8...
1. the AUS$ &AUDCAD in Daily Basis versus
2. the AUS$ &AUDCAD 120 Min Bar.
The Daily market analysis shows a Bearish Divergence that is pulling the market down. However, is there a Bearish Divergence that "must" pull the market up?
Be aware that the market analysis in Daily Basis is most powerful when there is a Pattern either up or down.
In fact, all the graphs we plot in this Blog have the same Pattern, but the algorith search--in Real Time and in all time Frames-- for either lineal 1, 2, 3 ... or Fibonanci Series 1, 2, 3, 5, 8...
The 120 Min Bar shows a not completed Bullish Divergence (Ideal Pattern will be when A1 tend to Zero).
Finally, the 120 Min does not show any conclusive pattern (A2).
We will follow the 120 Min, but the Daily Bar point to a Bearish correction.Finally, the 120 Min does not show any conclusive pattern (A2).
PD.The Daily pattern has a significant self-similarity with the pattern showed in the 15 Min Bar (12,17,09) as a Fractal mode.
Charts are taken from Futures Source.
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