Euro Yen Block
Aggiornato
Simple design with potential zones of influence for the price action for support/resistance. Hoping to catch at least 3 turnarounds/reversals at the marked levels/zones.
Vertical rectangles are more like time stamps although they also can provide similar evolutions of events if the price touches them. Although this is not just experimental, it should also be considered as an exercise that should encourage bold introspection and analysis of the potential results, considering that the most important rectangle in the whole project is considered to be the last one, the blue one, which, if turns out to be highly relevant, it would mean that these developed projections have an advantage of being many steps ahead of the curve. Does this mean we live in a block Universe where the future has already happened? I don't know. Does this mean that most market moves can be predicted if one has enough information about anything that can/ might/ should happen and how all the participants in the market might/ could/ should react? Maybe. I really don't know. If anything significant happens in the project it could also be just due to randomness and chance.
In this one will only post updates after the events. I will let the project follow its natural course without any discretionary subjective input.
Not developed with AI.
Not financial advice.
Vertical rectangles are more like time stamps although they also can provide similar evolutions of events if the price touches them. Although this is not just experimental, it should also be considered as an exercise that should encourage bold introspection and analysis of the potential results, considering that the most important rectangle in the whole project is considered to be the last one, the blue one, which, if turns out to be highly relevant, it would mean that these developed projections have an advantage of being many steps ahead of the curve. Does this mean we live in a block Universe where the future has already happened? I don't know. Does this mean that most market moves can be predicted if one has enough information about anything that can/ might/ should happen and how all the participants in the market might/ could/ should react? Maybe. I really don't know. If anything significant happens in the project it could also be just due to randomness and chance.
In this one will only post updates after the events. I will let the project follow its natural course without any discretionary subjective input.
Not developed with AI.
Not financial advice.
Nota
Not sure if this counts, although it is less than 20 pips below the rectangle. Interesting pivot, not convinced it is a complete reversal so far.Nota
Somewhat of a landing on the edge of the rectangle. Could be just temporary, this put stop.Nota
14 pip differenceNota
Purple rectangle approached from the side with a candlestick shadow suggesting at least temporary support. Let's see if this level holds.Nota
168 might seem going too far, but anything can happen and I still like the blue rectangle (and its position relative to price and time) at the end of this project.Nota
After a suspected intervention a rebound from the purple. Will the Blue be eventually touched?Nota
Was not necessarily expecting the comeback after the slide, even though the vertical rectangle was supposed to signal potential change in sentimend or mood or volatility at and after its timestamp, but here it is at the corner of the purple which acted as support but only temporarily just like the big red which let the price slide up once it was over. Don't know if it will touch the blue, although, it would mean a complete success for the project/idea.Nota
Here it is. The most important rectangle in the project, the blue one, as mentioned in the initial idea, has been touched. Not sure we could see a reversal right here.Nota
Nice resistance right under the blue with what seems to look like a breakout at the end of it, similar to what happened in the corner of the big red. We end this project with this snapshot and a reminder that the BOJ is closely watching the yen...
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