- impulses are getting weaker and corrections are getting stronger
- the blue rectangle looks like the accumulation phase, but must be confirmed by the markup phase
- the last two blue arrows have made a higher high and a lower low
- if price breaks above 1.155, it might signal a reversal of the major trend
- if price breaks below 1.13, it might signal a continuation of the major trend
- I'm not predicting, I'm just reacting to what price does, but for now, the direction is not clear
- the blue rectangle looks like the accumulation phase, but must be confirmed by the markup phase
- the last two blue arrows have made a higher high and a lower low
- if price breaks above 1.155, it might signal a reversal of the major trend
- if price breaks below 1.13, it might signal a continuation of the major trend
- I'm not predicting, I'm just reacting to what price does, but for now, the direction is not clear