As we can see in the previous day, engulfing and marubozu in one candle, the short trend is beginning now.
As we predicted in the previous analysis, exactly 5 complete motion waves were created. The next wave is now predictable for price reductions. The RSI signal is issued for sell.
At the end of trend, we have Engulfing and pin bar. The RSI has buy signal. SL: 109.119
EURUSD BUY ENTER: 1.08238 SL: 1.07221 TP1:1.08856 TP2:1.09840 TP3:1.11433
I am waiting for buy signal. RSI trendline or ichimuko. So the new wave (maybe wave 3) will be started.
The double top, the new drop will be started in the next week.
1) The candles exist of the cloud 2) Pullback to the RSI trend line 3) Time divergence in W1 time frame
1) Hidden divergence ( HD ) 2) Regular divergence ( RD ) 3) up to 61.8 Fibonacci correction of the previous wave
1) Hidden divergence (HD) 2) Triple regular divergence (RD) 3) Pullback to the RSI trend line 4) up to 61.8 Fibonacci correction of the previous wave