But for those only interested in what is to happen next (you're the ones without a PLAN!), well, here you go. Prices are now declining from being rejected by the upper TL of the larger triangle and the completion of the leg E of the smaller triangle. That move up was the wave B of leg D and this wave down is just the wave C of the larger leg D keeping in mind that each leg of a triangle contains 3 waves. But also remember that the wave C itself will likely be a 5-wave move.
The recent price action up has also setup a nice POTENTIAL that has it's completion right down by the lower TL (red dashed line) of the smaller triangle. Upon completion, we should see a bounce back up maybe near to the upper TL of the larger triangle and then back down.
Get the FULL ANALYSIS here: http://goo.gl/Q1YqGh
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!
If you like my posts and find them helpful, please take a second to hit that LIKE button and follow me so I can know my post was helpful to you. As always, any CONSTRUCTIVE comments are welcome whether AGREE or DISAGREE.
New $1 trial offers now available! Go get them now! Go here to subscribe: goo.gl/qRNGsF
If you desire to receive ALL my analysis on pairs I trade and cover as well as REAL-TIME trade signals, consider joining my private group and my members. You'll get REAL-TIME trade signals and analysis as the trade happens and discussions those trades live. Interested? Go to: efxselect.com for more info.
Website: http://www.efxselect.com to subscribe
Go to efxselect.com to subscribe and get these signals in REAL-TIME!
Performance Summary & Public Trade Log: http://bit.ly/29AeqnC
Want results like this? Subscribe here: http://bit.ly/29x4bfM