we are on abc wave on 1 hours 2 hours graphics but for 15 minute it is triple abc wave to fib pullback it is posible to finish 9200-8800 than first target graphic would go more less 10.200 ( it is for short time ) /
if support at 8500 holds, we could test 10k. then perhaps headed toward 7k region. which one came first? :p
I'm still very much in the learning seat, so I would love any feedback regarding my pattern matching skills! I think this is a good bullish pennant match on the EUR/USD 1H chart, and is supported by a strong uptrend on the daily chart. Any traders considering taking this opportunity? Thanks for any feedback!
Here's what I think may happen in what I consider a bottom relative to the latest all-time-high. It will be bouncing and making this floor until it changes to a positive momentum leading to bullish formations.
Today the GBP is weak. Entry short breakout st.
After having an ABC correction we broke the resistance trend, retested with a steep wave 2 and followed by a wave 3 Currently we are in wave 4 where volume usually dries up and price goes sideways/a more shallow corrective state and retraces usually 38.2%-50% of wave 3 Once we break All time high, we have a buy opportunity and profit should be taken arround...