Monday eurusd moving sideways... in a slam dunk game.
which is in 3 - 3 - 5 flat wave...and seems this morning could the the last slam dunk of the day and moving lower again.
I remove the w - x - y formation....but keep in mind those yesterday question should be keep in watch.
1.0577 ~ 1.0560 could be the next pit stop on the way down, with another slam dunk game...
EURUSD Week End Updates
Landslide just kept going on eurusd.....slowly....unstoppable.....even until US Market Closing on Friday.
Wave count so far no rules been broken....5 waves down after 5 waves in a staging form, Bear still rule but in deceleration mode.
Yesterday question still remain...4 or (v) ??
since a possible A-B-C (yellow) may be formed, counting...
Yesterday chart kind an awful.....invalid line broken....there is only one conclusion
-> Incorrect Elliott Wave Mapping...yes indeed.
But I still have my position floating. Why ?...this is why I am using this analysis...which kept me survive Bro!
I still have the convident...it will move down. especially after last night peak (1.0762) and this morning is still...
No sign of wave 5 of C occured last night.....but it did down on the US Market open.
Back to the drawing board
RSI has shown a possible 2nd divergence (M30).....
it is still going down.....
Any Long......then....abandon your ship or you'll sink.
Time to Jump overboard...
Have a good trade everyone.
( I don't like to said "good luck"...its a gamble thing)
Out of yesterday expectation....(expecting Zig-Zag)
Anyway market been Flat on wave (2) of 5....
A Good Day to Short at higher level ...then
Expecting formation of : (W)-(X)-(Y)
Alternate : (A)-(B)-(C)
Looking for divergence to occur on RSI...(peak to peak)