According to my basic scenario there could be corrective decline ahead. Being only the ii of (iii) of ((iii)) that decline can be a good set up for long. RSX is down.
Alternative scenario - all rise is finished and EURUSD is on the way to the parity.
Alternative scenario - all rise is finished and EURUSD is on the way to the parity.
Comment:
Could be 1-2 sequence down OR just three waves. Needs more market subdivision to clear that out.
Trade closed: target reached:
That is do or die moment. There is a possible impulsive rise. So in case there is a decline in three waves then it could be considered as a confirmation of a turn.
The wave ii is to be over in this case.
The wave ii is to be over in this case.