Expanding flat.... C to the upside.
I believe the ending diagonal is concluding.
Placed in case it makes a wave 5.
May reach 1.2 fib extension.
wave 5 of a higher degree wave 3
Despite a show of power by the bears this pair has more upside potential left.
We could have wave B or wave 1 impulse for a bigger wave 5.
Careful on where to place your stoploss.
Wave A was complicated so we have a good chance of an impulse next.
We might be starting wave 5 of a higher degree 3rd wave.
targets are conservative levels on fibos as shown
Conservative targets and fib zones shown.
Onwards to upper channel and 1.13 fibo
In channel analysis, fibo, even harmonics and elliott wave, this pair has really good measurements.
Entry order placed in case it goes down hard. Will update once triggered.
Zigzag pattern is completed with a small impulse.
Trendline support at the bottom.
Long till targets as shown.
ABCDE and channel support
It might be an expanded or simple flat before going up. Not enough buyers yet to drive up the price.