mljones

ABC Correction Playing Out

CME:6E1!   Euro FX Futures
ABC correction posted in earlier attached chart is working as expected. Looking for continued bearishness until it tags the support zone defined by the previous 3 point and then looking for the usual B and C movements. The B point will be an especially good place to look for swing shorts because it is also confluent with the edge of the long term pitchfork edge.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.