Although there is a symmetrical triangle on the 1 hour chart, a support level is forming at the 1.11942-1.11705 zone. This and an Elliott corrective pattern (onwards to B leg) support my long position for the short run.
Comments
wsbza
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the end of wave (2) is lower than the origin of wave (1) ???
TheHarveySpecter
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I look at opening and closing prices... Shadows just tell me price tried to go out but it failed.