After a retrace that respects 61.8 zones on multiple time charts, we are now in a little correction area the respects the 38.2 zone trading sideways.
H4 charts has a bearish stochastic trend and M30 chart in an overbought condition, both supporting more down trend from here.
The way the M15 graph is moving reminds me of 5 impulse wave pattern, we had the first initial drop after retrace, and now we have a pattern that goes sideways respecting 38.2 zone with many stochastics in an overbought condition.
If this is indeed a 5 impulse going down, I'd be expecting a very aggressive move soon to the down side.
Hi
in my opinion, if Market Can't break 1.8120, it will go up to 1.8270, else go down to 1.7980
UnknownUnicorn6293208
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@M.ghobeishavi1986, Me personally I know this is still in a corrective structure and hasn't completed, this is a lot longer than expected going sideways, but I'm still counting at the moment, should be the last big move where ever it goes after correction.
in my opinion, if Market Can't break 1.8120, it will go up to 1.8270, else go down to 1.7980