Analysis on chart, this wave 4 triangle looks to resolve to the upside in a comparable move to the prior wave 1.. I will look to long the break.
Like/share opinions below!
Comments
Nick_C_
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The triangle has now developed into a larger 3 wave corrective pattern. The key is that it is still a larger wave 4 pending a wave 5 up, just the minute detail has shifted a bit. This will be a great long on a break above the top triangle line as it represents the correction channel line.
IvanLabrie
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Once the news releases are out, it'll break out.
See my eurjpy chart.