it might keep going up a bit longer but if you see it hit the number 2 buy it thats the third Elliot wave entry point
DownUnder
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you mean 16.57? you think it will go down to there ??? very difficult from here... but lets wait and see
EliteFXLeague
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yea this is the 4h chart it might take several days but i am targeting a huge wave, which i am predicting to be around that point 16.500
DownUnder
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it has to stay below 17.45, otherwise number 2 is going to be history.
EliteFXLeague
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your probably looking for this one
EliteFXLeague
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so lets see here broke off down trend. it started an Elliot wave confirmed 12345 on 1H chart pattern formation now repeating the sequence on 4H chart. if it brakes above SL level it will brake the reversal and continue up. but it looks like its about to start a down trend in 1h chart.
DownUnder
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nice charts though, but If I stare too long I get sea sick :). Anyway thats all the action for today, Fed tomorrow so that should make things interesting.... maybe fed will speed up everything. anyway, off to be. good luck.