Subdivision of Impulse Wave still Indicate 3rd Rally Wave.
Bulllish Long, As the vicious selloff has already taken place
in the Intermediate, Minor, and Minute Time frames.
Lookout for the Rally Set to continue Until Wave 3.
Oscillators:
RSI shows a declining line proving the EUR is underperforming.
STOCH shows a crossover is imminent, providing a timely trading
signal, as price movement shows the EUR is oversold. (Bullish
signal).
Trend:
Retracement being established at 4.31625 price level, as time
would be a great indication as price correction has been
established. The...
Secondary trend indicating a Distribution Phase. Bullish Momemtum
seems to be showing a correction. Stage requires requires careful
analysis by the use of the Oscillators (RSI, STOCH), as well as
the Elliot Wave analysis.
Secondary movement normally warrants that the new Higher Low will
be above the previous Low. Advance and break through resistence
trend line...
Today's Price trend has become a SUSPECT. With today's analysis fortunately for us we caught it.
Stoch RSI shows a 14 day close, which indicates that bullish movement is more likely to follow.
Having considered that the current downward trend could end, due to consistent Higher Highs
and Higher Lows. Market Volatility indicates shows that they could be a price...
Yesterday we projected an intraday target price of 1.32000 (New Price Extreme),
To complete it's bullish momentum towards the Golden Ratio. Watching price action
today based on the Guideline of Alternation.
Wait for further confirmation of a bearish take over (sideways correction or a sharp retracement).
Established Top declining, bottom rising bullish movement (Horizontal Triangles), before the
Bull market took control of the trend with the obvious apparent engulfing candlestick at the
1.21073 price level. Bullish momentum set to continue to targeted price of 1.32000.
(Currently in the 3rd wave extension).
A lot of price movement is to be expected due to the...
The Descending Top declining bottom flat bull movement could be ending soon, as the Euro's
movement could change drastically in the next couple of days. The expectation of a Higher High
were met last week, projecting a higher low is what we have to come to terms with soon.
Possible Bear Market movement, According to Corrective wave principles.
Testing and...
