Hi all,
Expecting at least a 50% retracement as a wave 4 correction of the intermediate e.w. count - labelled as "(letter)". However taking into account the larger surrounding context of this structure formation, we're in a potential reversal zone as per the cypher harmonic termination as well as the several resistance indicators all of which are conspiring for a very possible beginning of the last impulse wave - ((v)) - following the expansive flat correction wave ((iv)).
Regards, Laurence
Expecting at least a 50% retracement as a wave 4 correction of the intermediate e.w. count - labelled as "(letter)". However taking into account the larger surrounding context of this structure formation, we're in a potential reversal zone as per the cypher harmonic termination as well as the several resistance indicators all of which are conspiring for a very possible beginning of the last impulse wave - ((v)) - following the expansive flat correction wave ((iv)).
Regards, Laurence
Trade active
Trade closed: stop reached:
5 pips away from target then it rolled over. A good loss in my book.