dojitrader
Long

Fully Extended 3 Drive Potential Pattern . . . ???

FX:EURGBP   Euro Fx/British Pound
204 2 7
Clearly symmetrical - So Far - with a confluence
of Fibs and Daily support area =
Third times the charm ?
For a bigger bounce than the other 2 drives.
EW suggests that it could rise back to the 4th wave.
(3 drives usually retrace to it's origin)
Although this proposed 5th wave is rather messy
as this 5th may develop into ending diagonal.
Candlesticks, as always will help with the long
entry trigger and fine tune the stops.
Stilo4
a year ago
Good luck on your set up. Looks good. Just my tuppence worth, but I also spotted this Cypher with a Price Reversal Zone in the same area as yours.

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Stilo4 Stilo4
a year ago
snapshot
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