A little bit late with my idea. I wanted to post it earlier but forgot.I expected price to rich yellow rectangles. It has not happened yet, but in 1-2 days it probably will happen.
Price made a very weak projection. And could not even reach 1.27 Fibo Level. And bears are more agressive. I can see 2 possible scenarios:
1. Trend change ( breaks yellow rectangle).
2. Price spends some time in a range between 1.2423-1.2528 ( complex correction) and then breaks the lower rectangle.
Remember: you should confirm my expectations with your own analysis.
Price made a very weak projection. And could not even reach 1.27 Fibo Level. And bears are more agressive. I can see 2 possible scenarios:
1. Trend change ( breaks yellow rectangle).
2. Price spends some time in a range between 1.2423-1.2528 ( complex correction) and then breaks the lower rectangle.
Remember: you should confirm my expectations with your own analysis.
