This move down appears to be part of an ending diagonal overthrow If we see a strong reversal without price extending down further, bigger move up will be expected
As with any corrective move, anything is possible however time wise, it need longer to complete so expect it to drag on short term still expecting usd to fall as most currency had dropped extensively and have clear waves completion pattern lets see if this come true soon Good luck!
It finished a clear 5 wave up as such, expect some pull back and with a drop in usd, rise in eu gbp etc for short term at least
The 5 wave down after another drop is even clearer Now lets see if it regain 1.19 and goes beyond that strongly
If this shoot up, we know what it is about, hope it works, even if it don't, I don't see it too far off GL
Yesterday move down for eu was fast and unexpected as the retracement was shallow Initial thought was that the shallow retracement is wave b and was looking for another push higher However price keep dropping and it never should any mini 5 wave up on the lower time frame to set up a buy Now that price had dropped to new low, the corrective idea is invalid. Price...
Watch out for a reversal as there is a 5 wave down A mini 5 wave up on the lower time frame will provide clue and opportunity to go long for at least a 3 wave retracement towards 50% of entire fall
As the wave 2 retracement is very shallow, hence now prefer to count it as wave b instead therefore looking for another push higher
The entire fall could be counted as 5 wave drop with many extended 5th waves It will be perfect if it ended with an ending diagonal, a strong move and reversal will confirm this view, good luck
Price drop as expected, however price could reverse soon Waiting for confirmation and will lock and load when time comes
Expecting another low before a more meaning retracement
still expecting at least another leg lower before a meaning move up of 3 wave at least this move can be another flat or more likely some triangle pattern, which ever case I will look to buy after the pattern and the drop
Look what one day bring us, the wave pattern repeat and we have another leg down, should reverse soon, hopefully at least 50% of the start of the fall
GU seems to be near completion for a clear 5 waves up with the ending diagonal If we see a strong fall, that could be a good opportunity to short with stop the previous high Good luck
Strong move and close above neckline will confirm the pattern For now it is not cast in stone. GL
Price currently forming a possible flag A break and close below the neckline will confirm the head and shoulder formation
Possible the bigger fall is about to begin, if so expect it to happen these few days