aymankkhlifat

EURUSD Technical Outlook

BATS:GOOG   ALPHABET INC
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I waited another confirmation that the impulse , to be completed (yesterday I rushed, but the retrace , was actually wave-c from segment 4). We confirm this by breaking the trendline endings wave-2 and wave-4 , and have exceeded the origin of wave-5 (1.3043) . I think at this point we can say that the impulse is confirmed as completed. So , this is an impulse with wave-1 extended (wave 1 is the highest , wave 2 retrace wave-1 less than 38.2% , wave-3 is 61.8% of the wave-1, wave 4 is not a complex wave (is an irregular running flat ), the wave-5 is smaller than wave-3) . The correction after wave-5 should drop into the 2nd price zone . Having a correction , impulse is wave-a from a zig-zag , in these conditions, the retrace will be between 1.2942 (50%) and 1.2895 (61.8%).
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