The current price of the importance of analysis(1.14000)--UPDATA

FX_IDC:EURUSD   Euro / U.S. Dollar
If you don't consider the internal structure (note1 and note2),
then this is the end of the short 5 waves.
And from here after already has a wave correct structure of the ABC (3-3-5).
Combining the above judgment, will enter a new situation in short.

If we consider the internal structure (note1 and note2),
think it is a long before failure 5 waves (note2),
then the market go here a ABC corrective waves.
Based on the above inference, is creating a market failure to guide the wedge (3-3-5-3-5),
and start a new long

We have one kind of situation,
is this the correct wave is not over,
is creating a Expanding triangle

Conclusion: the above three kinds of reasoning have one thing in common,
1.14 is a very good short position.

The last published charts:
Good analysis! Tnx 4 sharing!
+1 Reply
thank you KVE
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