We have a MN touch which springboard itself showing a clear impulse which has an extension in it
We ranged for months in a big range identified wave two
Three was a month agos impulse we saw that was outrageous in movement but got clipped out the roof
Saying this and showing you we still in the correctional phase 4 which tends to be the most complex out of the two correctional phases
We know 1&5 can never be longer than 3 if so we should see truncation of the fifth wave if that's the case
1.1 extensions happen in wave 1/3&5
Example wave 1iiiiiiivv.2345
123iiiiiiivv.45
1234iiiiiiivv5
So if this is a complete wave it's simple the start of the trend indicating we about to correct after the move I indicated plays out fully for SL are being hunted by the look of it as brokers learnt y'all to place SL both intraday and weekly therefore we always play with tight sL so if it's a bad trade we safe if it's a bit to forward we catch a better entry
So 1.22800/1.22 and 1.21/1.20800_flat can be the near term playing field once it can go up above the 1.23480 we can consider a buy with maintained pressure/momentum but I'd like to see it play out before knowing that this is the exact move which can lead to 1.28 being seen again if broken an maintained with firm support, we buy to 1.29/130 possible 1.32800 which is one of my older analysis that I've kept still incase Fundementals comes through with a bang and not disappointment (Brexit negotiations)
Daily Stochastics shows a buy is coming on daily as it can stay long periods in this oversold phase .. we need a new separator in weekly Stochastics to kick this of unless Divergance is found in oversold regions , for MN(H&$) shows the same and it's on 50 percent showing indecision (neutral) or consolidation or momentum
Sell below 1.23380/1.23
If it helps with decision making please like and follow on your own 🙏🏄🏌🏌🏌
We ranged for months in a big range identified wave two
Three was a month agos impulse we saw that was outrageous in movement but got clipped out the roof
Saying this and showing you we still in the correctional phase 4 which tends to be the most complex out of the two correctional phases
We know 1&5 can never be longer than 3 if so we should see truncation of the fifth wave if that's the case
1.1 extensions happen in wave 1/3&5
Example wave 1iiiiiiivv.2345
123iiiiiiivv.45
1234iiiiiiivv5
So if this is a complete wave it's simple the start of the trend indicating we about to correct after the move I indicated plays out fully for SL are being hunted by the look of it as brokers learnt y'all to place SL both intraday and weekly therefore we always play with tight sL so if it's a bad trade we safe if it's a bit to forward we catch a better entry
So 1.22800/1.22 and 1.21/1.20800_flat can be the near term playing field once it can go up above the 1.23480 we can consider a buy with maintained pressure/momentum but I'd like to see it play out before knowing that this is the exact move which can lead to 1.28 being seen again if broken an maintained with firm support, we buy to 1.29/130 possible 1.32800 which is one of my older analysis that I've kept still incase Fundementals comes through with a bang and not disappointment (Brexit negotiations)
Daily Stochastics shows a buy is coming on daily as it can stay long periods in this oversold phase .. we need a new separator in weekly Stochastics to kick this of unless Divergance is found in oversold regions , for MN(H&$) shows the same and it's on 50 percent showing indecision (neutral) or consolidation or momentum
Sell below 1.23380/1.23
If it helps with decision making please like and follow on your own 🙏🏄🏌🏌🏌
