I posted this CT yesterday as Maybe 2 early and it really was too early, for me of course...
I found what I felt was missing in the picture: last ZZ!! So, If I am correct and this is CT as corrective wave X in unfolding DZZ, then there is 18 pips space to bottom wave E of CT ....
Question is IF wave a is ZZ or an Impulse because last wave, in which we supposed to be, has to unfold with same structure. This is only important because of timing when this point would be placed: if ZZ, then last wave has to be ZZ too so it should, could, would last a bit longer.. Regardless, space is the same, although we come twice to place point E of CT as X.
Although I do not like my idea of CT (same reason: there are not seen zigzags!!) this could be solution.
But this thought does not influence to my day trading so here is how i see potential developments in next days.
I marked this 18 pips space with my broker anyway!!
This 18 pips space is here, at FXCM/Tradingview!!!
and just one more thing:
"Pride of opinion has been responsible for the downfall of more men on Wall Street than any other factor."
Nice weekend and take care!