edoyuwon1909

Last wave of zigzag correction (wave C)

Short
EIGHTCAP:EURUSD   Euro / U.S. Dollar
the chart above is my prediction
of course i'll trade base on that plan.

i believe that the price will form a zigzag and this is some clue of a zigzag correction
- it will reach at least 50% correction (it can be 61.8% or 76.4%, or 85%)
- it mostly form a channeling structure (we buy only after the channel (equidistant trendline) break)
- As long as the price hasn't break lower than wave A (like it is now), we can't be sure whether we're completing wave C or still stuck in wave B (the corrective wave of wave A). So, use our lots cautiously

good luck
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