as the price chart has tell its own story.
Last Landslide quite deeper than I was thought.
a coincidence or not...the down slide pointing to a key level of 1.0890 (261.8% expansion of a-b....which is a neighbour to of Tsunami Surge (Wave 1)
Destination South Pole seems to be cancelled. New Course quite clear...as the wave movement describe it.
Will see how the winds blow on US News.
If a 5 waves up surge above this level....you know the rest of it.
Have A Good Trade
How ever I try to rotate, put it upside down or what ever....this is the summary of it.
Showing the Market next move. If there are a Big Bullish, I think....the bull will show up after the Feds news....
one more wave still missing....it has to show up to complete the pattern.
And it should go lower to 61.8%...furthest....lower to 50%.
if I knew would be like this...I've shouldn't change the Headline....hmmm
like it or not...The Hard Turn for North Pole will going to happen.
RSI ...1 signal divergence already.....nearly the 2nd will happen...
Pattern almost complete...with (y) still inside the channel.
One more surge...
One last surge....
Enjoy the Sell Off.
I have a thought. Imagine u put sell limit of 100 Standard Lot at that level......hmmmm....
by seeing the micro structure of the slide after touching it....quite obvious its continuing or extending the correction pattern that already come up.
This include price movement on the Fed news which is also part of inside wave X ( alt. ii ).
As per earlier plan (1st above chart)...more waves coming down.
we are now entering the Y ( alt. iii ) more low should coming up next.
All RSI on 4H, 1H, 30m, 15m showing divergence at the green arrow turning point.
this is might be it.
Landslide after news yesterday...has formed a compete a-b-c structure of a zigzag.
Seems our Bull will take place from here. For many months ahead.
will go to 5 of C of X...but sound like...crawling in slow motion for today
Destination to Z wave should be curved abit.
Opportunity to get the last landslide now. Looks like the 50% retracement area could be the end.
Watch out with this one. The Bull will coming in Hot....
not sure with the (b)...?? maybe more side ways a bit..
M5 Map..(for monday trade)
DAILY Map (on M30)....the journey.
Wave count has been updated with question mark (unsolved)...
but I believe....within proper place.
Was shorting after the peak 1.0882....then notice the drop having a signature of
3-3-5 (a-b-c cyan = X Green ).
it was obvious...this correction is not over yet...and will get higher. Immediately close short & go long...
recent accumulation of pattern...now should be 5 wave down...or side ways....and go higher again...
Over & Out.
Sorry a bit messy....
There u go....our position on the GPS....has reach the Peak of (c) or (y) of the 2nd BIG X.
One more route should go underway...
2 Divergence signal insight....right at the moment of the peak of pivot point & ending of the wave count. (This is how I synchronize EW counts & RSI, always has at least 2 divergence at any TF.....I dont believe if it just one signal.....means the counting was incorrect.)
As long as the peak of 1.0945~50 intact. I am sure we have the right map & our position.
and we should glide down to Z (or alt. 5)
If Otherwise happen......well......u know something wrong with the GPS. May be its broken...ha...ha...ha. As always...Eyes open Gentlemen!
Command Out !!
But This might be it...??
Had these 2 point of view. Will need more confirmation on both counts.
1st View...assumed Big wave 2 has completed at 1.0803.
Impulsive upward continuation. Possible correction at the moment lower.
As long the diagonal line unbreached. Rebound and go higher.
2nd View...current wave (4) of C has not breached the peak of wave (2) of C.
with present configuration, the C wave looks like an Expanding (ending) Diagonal.
and one more wave should go lower....to complete the (5) of C.
If the 5th wave lower do happen. Then Euro Bull will rise even higher....and Good Bye GreenBack.
Bull will coming in...
3 waves all the way from the top. Should be 3 waves UP. Could also a 5 Impulse Up.
The Problem is....I have no idea....how big this Bull will be...??
Still on the way....
Expanded Flat should be a topic...
Off-setting (b)...possible to go higher at extreme level at 138.6% expansion of (a)
On over all count seems completed for the (b) wave...and noticed an impulse down as starting for (c) wave.
Expecting sell of (c) can be varies....since market having stronger bulls than bears.
Can be a Flat, irregular or expanded Flat.
pivot zone on expansion might at 78.6%, 100%, 138.6% level.
If the price didn't fall now-ish to form (c) wave of the expanded Flat. Instead keep Rising to 78.6% level.
EU is inside BIG BEAR mode. And will enter wave (3) of Big 5.....as wave (3) are known with its h huge force .....which will go down Fast...very Fast and lengther than wave (1) which has slide from the ultimate peak.
It will be a Good Entry Set Up & Long Trade on this...as we are approaching the starting line of wave (3). Fire & Away.....
rest....is the (c) of (y) of (ii)
CAUTIONS!!....for Bulls & Bears.
2 equal wave counts at both sides. I cant figure it out at the moment which one will win.....until the wave evolve and proceed with the counting.
One clue for sure....the "Winning Line" for each side is observable.
Either this leg is wave 1 of C (Bull-Expanded Flat Correction.......or wave 1 of Big 3 (Bear-Down Trend Continuation)......obviously....more downwards are coming
If the (4) do ends there. There it is. The Wave pattern completed.
as the wave evolve...the wave pattern shown a perfect BULL Correction.
Eyes on the (expansion 100% of A) area at level 1.0872-74
The Bull seems hiding there. Ready to strike