Perales1509

Perales1509

EU has finished head and shoulders pattern and is looking to be forming lower highs and lower lows.

Perales1509

Price bounced off the daily resistance line continuing its overall down word trend. Id go down to the 5 minutes and once prices bounced off the bottom of the 50 ema i would get into a sell for 40 pips.

Perales1509

Oil is retesting the monthly low. Once it breaks out of the blue zone I see it going to the next support before retesting the zone and starting wave 5. The chart S&R lines would follow the fib entrancement rule and the Elliot Wave rule, where wave 3 is not the shortest wave and wave entrancement waves do not overlap.