Yesterday we saw the EURUSD penetrating the 1.2963 which can been seen as end of triple zigzag, and after that appeared to form a starting diagonal. As you know if wave 2 retraces more than 100% wave 1 that means more correction in place, it could be because C was not complete and will be expanding.
The problem to me is that all was so perfect and the invalidating penetration so small that needed to make sure that was not a problem of fake move.
And that's why i tried to compare the movement with another similar instrument with great volume, and that is the euro future, if you see the minimum of yesterday (plotted as blue line) you can see that the EU never retraced all the wave 1 and so the impulse can still be counted.
I guess if you add the fact that yesterday was a weak volume day because every body was waiting for the ECB decision that could help to explain why could occur this akward movement.
If the price makes a move above the i) high thin will be more feasible this theory.
The problem to me is that all was so perfect and the invalidating penetration so small that needed to make sure that was not a problem of fake move.
And that's why i tried to compare the movement with another similar instrument with great volume, and that is the euro future, if you see the minimum of yesterday (plotted as blue line) you can see that the EU never retraced all the wave 1 and so the impulse can still be counted.
I guess if you add the fact that yesterday was a weak volume day because every body was waiting for the ECB decision that could help to explain why could occur this akward movement.
If the price makes a move above the i) high thin will be more feasible this theory.