EURUSD momentum is fading and this current wave looks tired and maybe the last wave in this long impulse.
a possible ED is forming and there may be one last push and throwover before a decline starts.
Note both RSI and momentum are diverging.
Good Luck
a possible ED is forming and there may be one last push and throwover before a decline starts.
Note both RSI and momentum are diverging.
Good Luck
Comment:
Zooming in on the 15 minute chart showed that a triangle formed for wave 4 blue which means that the following wave is the end of that impulse! and not the start of a diagonal! The 4 hour stochastic is diverging and has turned down, this is one of my more reliable indicators. Hence the top may be in for this long impulse wave.
