The_Expat

EU Looking for an ABC Final

FOREXCOM:EURUSD   Euro / U.S. Dollar
Tracking EURUSD (EU) for a BAT pattern since the break downside into the beginning of May. Primary EW count and pattern structure suggest an algo repeating the fractal to the .886
Clear divergence noted on the 240 and we know this doesn't mean it must reverse, however it is trading into confluence. Currently waiting for this bottom pattern to deliver.

Comments

Many people projecting a bounce at the .786 just paid the algos their money. Looking for the harmonics to play out for a B-Bounce and a following retracement to complete a 3-wave pullback to the upside Long.

Reply