Ok I am certain what is unfolding here is a Zig-zag pattern which is the 5th wave of an elongated triangle formation. This Triangular formation is bearish! After completion of wave-b of the The Zig zag wave-c will be either Normal (0.618 from wave-a end), Truncated (less than 0.382) or Elongated (between 1.618-2.618) After this the zig Zag will retrace the whole pattern between 80%-100% which will be the actual terminal impulsive wave-c before the real trend wave-1 Impulsion.
This Zig zag ends wave-b of a correction phase and the push out marks wave-c so on completion of wave-c of the larger correction the real shorts begin!.
LONGS the drive out of this Zig-Zag is your only way out. Longs at 145.192 and above are probably doomed on a long term basis!...
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Comments
saadalielghobar
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market is un opjective
Ben-jamine_TradeGod_1111
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IMO Long's need to step out of this trade due to it's uncertainty...
HARHustler
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I missed my open order for this, Just reset it at 1.4400 ... let's see if it hits it and if your analysis does the magic... :)
Ben-jamine_TradeGod_1111
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Ben-jamine_TradeGod_1111
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Overbought and other indicators showing bearish signals.. Certain this is the head and shoulders reversal we were looking for! Lets' do this bears.. Hopefully a downside gap will appear on opening today!
memyself
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Great stuff, I wish I knew that much about it more. Whatever I do, it does the opposite :-( that wave theory, is it fibs or something else. Can you point me where did you get that info.?
Ben-jamine_TradeGod_1111
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Email me buddy...
saadalielghobar
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Sir, I'm better now selling what do you think?
Ben-jamine_TradeGod_1111
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In my opinion yes.. But only my opinion! I do Neely wave analysis which has been very accurate for me.. @saadalielghobar,