In this scenario, since the ATH, I am assuming an ABC correction lasting several months in which we are now in the blue b (consists of black abc) of the red B.
If we see tomorrow or maybe on Friday (next week at the latest) that 1.33550 will be reached, one could buy a long position with the SL under 33517.
Confirmation for rising prices with the goal between 35443 and 35472 would be a quick and sustainable jump over 33622.
--- The red trail runs until mid-December.
--- The blue path runs bit mid-January, both are possible to finish the red C.
The red C can also go deeper, but I have chosen the minimum target @ 33257, which results from the red B over 2200 P.
If the red B folds up, you can either:
- the indicated, falling waves follow or
- simply hold the schort position for approx. 2 months.
If we see tomorrow or maybe on Friday (next week at the latest) that 1.33550 will be reached, one could buy a long position with the SL under 33517.
Confirmation for rising prices with the goal between 35443 and 35472 would be a quick and sustainable jump over 33622.
--- The red trail runs until mid-December.
--- The blue path runs bit mid-January, both are possible to finish the red C.
The red C can also go deeper, but I have chosen the minimum target @ 33257, which results from the red B over 2200 P.
If the red B folds up, you can either:
- the indicated, falling waves follow or
- simply hold the schort position for approx. 2 months.
Keep an eye on these 3 levels
H1 >>> 34861 = short-term long above this
D >>> 34776 = closing price above, gives today green candle and vv.
H1 >>> 34730 = short below with TP1 & TP 2