francescoforex

francescoforex

wave iii still runnig in wave ((2)) – downside movement from 1.2244 looks corrective in an expanded flat - test area fib ret. 1.2130/1.2150. ALT: wave c of (b) is over – motive wave should follow downside 1/2–1/2 or leading diagonal – test area fib. Retr 1.2200/1,2208 critical price area previus daily close 1.2170 PP 1.2200 FIB: 1.2130/1.2150 -...

francescoforex

crucial price area 1.2244 – minuette c or iii from 1.2051 minimum an upside motive wave is running micro subwave ((4)) of subminuette c or iii unfolding in expanding flat crucial price area 1,2244 if zigzag c prevails --> on a daily basis - (b) is over – starting wave down (c) target 1,1970 area ALT: wave iii of (iii) unfolding upside motive – target...

francescoforex Updated 

prevailing scenario wave (ii) maybe over in abc subminuette correction monitor prices evolution in a motive mode wave ((3)) of v unfolding - first target 1,2189 fib 1.618 wave ((1)) ext ALT: continuation of wave (ii) possible expandig flat in 3 waves critical price area previus daily close 1.2148 PP 1.2145 FIB 1,2189 fib 1.618 wave ((1)) ext – 1.2233 fib...

francescoforex

prevailing scenario wave (ii) maybe over in abc subminuette correction monitor prices evolution in a motive mode wave iii over 1.2151 (fib 1.618 wave i ext - losing momentum) wave iv unfolding (expeted sideways - test 1.2114 area) ALT: continuation of wave (ii) subminuette correction abc if motive i-v fails critical price area previus daily close 1.2145 PP...

francescoforex

prevailing scenario wave (ii) maybe over in abc subminuette correction monitor prices evolution in an impulsive mode ALT: continuation of wave (ii) either in a simple or complex correction critical price area previus daily close 1.2077 PP/FIB 1.2080 PP / 1.2131-1.2153 (fib 0.618 – 0,786) static S/R 1.2106 key – 1.2153 critical volatility D 1.2058-1.2156

francescoforex

subminuette wave v closed we are running minuette wave (iii) of minute ((c)) critical price area 1.2100 (PP - fib 0.382) - 1.2118 (fib 0,618) - 1.2068 daily close ALT: subminuette iii of minuette (c) daily volatility range 1.2033 - 1.2120

francescoforex Updated 

wave iv ended in ((a))((b))((c)) flat - balanced in time and size wave v unfolding violation of 1,2125/30 area and/or time delays in developing would invalidate the idea ALT: reconsider the abc hypothesis

francescoforex

momentum for now shows no signs of a change in the trend abc hipotesis loses strengh motive wave i-v hipotesis prevails - test at 1.2131 (fibpoint 0.382) - wave iv let see

francescoforex

possible expflat wave ((5)) of c of (b) wave ((5)) ending diagonal unfolding - target 1.2174/85 alt: i-ii

francescoforex

after corrective (w)(x)(y) in ((a)) now unfolding wave ((b)) wave ((b)) should run in 3 waves maybe now motive wave (a) is running - reached strong resistence area 1.2060/1.2090 (dynamic, static, fib retrac 0,618). U.S. payrolls data, due at 1230 GMT better stay out , wait and see

francescoforex

corrective wave (a)(b)(c) down look confirmed should follow motive wave probably in wave (a) - - attention level 1.2020 - 1.2027 - 1.2035 1.2080 area (0.618 FIB retracement)

francescoforex Updated 

price moves in a corrective way (inside channel) - zigzag (a)(b)(c) down - next wave C - first target area 1.1940 (a)=(c) alternative count: 1/2 (i)(ii)- 1/2 i-ii let see price evolution

francescoforex Updated 

motive wave down flat correction in wave IV target 1.2058 area FIB projection 1.618

francescoforex

wave (C) ended - wave (i) ledaing triangle wave (ii) flat - target area 1783/1789

francescoforex Updated 

wave V of ending diagonal of (C) - should develop in 3 subwaves target 1.21104-1.2129 area ALT: ((1))-((2))

francescoforex

EURUSD ending diagonal triangle wave (c) of (a)(b)(c) correction possible target 1.2094 wave (a) - (c) equality ALT cont wave (V) of impulsive wave ((1))

francescoforex

ending diagonal triangle in wave V of (V)

francescoforex

macd in negative territory indicates an ongoing negative trend - MACD divergence update wave ì unfolding - if impulsive wave i ended at 1.1753 - correttive wave ii is ongoing with 1.1912 target