Either this is an excess to 12,200 or I got it totally wrong and it asymptotic to 13,200 (which would have been difficult to foresee).
My stop in case: 12, 350.
Elliott count is complete. Reasonable fibo targets at 12,210 (stop being ~1.5% above)
Note i had possible targets at 11600, 11,800 and 12200 as excess.
Beyond this i got it wrong and might be missing the best trade in a long while.
Comments
jangseohee
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weekly exhaustion gap?
YaKa
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I forgot: Note R3 yearly at 12,208.
jangseohee
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you know EW also
IvanLabrie
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Eurusd is primed for a retrace...
YaKa
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Hi Jang, i do a lot of that. and it is implicit in all my charts but i rarely display the count... also my count is special and is a method i derived from observation rather the textbook method. In this case it is pretty academic though.