Thank you for the charts OAPDave. It seems that the higher the number of period in the MML the price moves into a normal zone, not overbought.
However the price seems to be at an important octave even in that situation. 4/8.
Considering this change in octave periods, we could say that there is enough room on the upside. But I think that if we change octave number on daily we should reassess all timeframes with the same number of periods?
Your charts would show confluence with the CD harmonics that would have enough space to unfold. Also based on thread Masterrmind said that most of the times, AB=CD patterns complete.
However the price seems to be at an important octave even in that situation. 4/8.
Considering this change in octave periods, we could say that there is enough room on the upside. But I think that if we change octave number on daily we should reassess all timeframes with the same number of periods?
Your charts would show confluence with the CD harmonics that would have enough space to unfold. Also based on thread Masterrmind said that most of the times, AB=CD patterns complete.
Forex - It's finger lickin' good