It seems our Big Bear has not given up...
This will be Travel Warning for the Euro Bull's
Yesterday sudden drop kind surprised us. On bigger time frame 4H, it is noticeable 3 down bars which represent 5 waves down .
We may conclude this wedge formation completed as 3 - 3 - 3 ending diagonal wave (thanks to a fellow www.tradingview.com/u/JamesBowler/ for sharing the tripple three chart of the wedge formation).
My suspicion is, in lower time frame as 30M or 1H.....it is more clearer kind of long & sharp a - b - c which could suggest as X wave.
Our key level will be 1.0682 and if this one broken, it is clear that there are no more (v) to progress downward.
And if upper wedge line (orange) if unbreach, this tell us there will be one more 5 waves down as the final of (v).
Oh man !....this 4th (iv) is quite bumpy & tricky......
If this little (iv) already like this....imagine a BIG 4 would behave....what a fight !?
Have a Good Trade everyone.
This will be Travel Warning for the Euro Bull's
Yesterday sudden drop kind surprised us. On bigger time frame 4H, it is noticeable 3 down bars which represent 5 waves down .
We may conclude this wedge formation completed as 3 - 3 - 3 ending diagonal wave (thanks to a fellow www.tradingview.com/u/JamesBowler/ for sharing the tripple three chart of the wedge formation).
My suspicion is, in lower time frame as 30M or 1H.....it is more clearer kind of long & sharp a - b - c which could suggest as X wave.
Our key level will be 1.0682 and if this one broken, it is clear that there are no more (v) to progress downward.
And if upper wedge line (orange) if unbreach, this tell us there will be one more 5 waves down as the final of (v).
Oh man !....this 4th (iv) is quite bumpy & tricky......
If this little (iv) already like this....imagine a BIG 4 would behave....what a fight !?
Have a Good Trade everyone.
Comment:
Still on its way of wave B...
Trade closed manually
