As long as price is below .9157 there is good reward...
...if one takes the risk.
The drop from .9157 was impulsive and in 5 waves. We have now recovered in 3 waves,
so the odds is that we will see more downside.
Price needs to take out .9005 (look below to see why) to confirm that the market
have indeed completed a 3 wave sequnence to the upside.
As long a price is above .9005 there is a chace that the 5 waves decline
was a wave C in a flat (look below for the alt. count).
Good luck!
The drop from .9157 was impulsive and in 5 waves. We have now recovered in 3 waves,
so the odds is that we will see more downside.
Price needs to take out .9005 (look below to see why) to confirm that the market
have indeed completed a 3 wave sequnence to the upside.
As long a price is above .9005 there is a chace that the 5 waves decline
was a wave C in a flat (look below for the alt. count).
Good luck!