EURUSD to tag the former low at 1.0636
Updated
EURUSD goes in line with my expectations posted in the map earlier (pls see related).
It reached the upside target on Friday and then collapsed.
All minimum targets have been hit, so it can start now wave (y) down to complete huge wave X.
The wave (y) = wave (w) hits right in the area of the former low at 1.0636.
This will be the target.
Wait the pullback and see if it will not exceed the recent top before thinking of short.
It reached the upside target on Friday and then collapsed.
All minimum targets have been hit, so it can start now wave (y) down to complete huge wave X.
The wave (y) = wave (w) hits right in the area of the former low at 1.0636.
This will be the target.
Wait the pullback and see if it will not exceed the recent top before thinking of short.
Comment
UpdateThe pair goes in line with the plan.
I added the bars pattern on the right to show you how wave W emerged before.
It could not repeat it this time but the general view and waves sub-division could be useful to see. We should see either more down and then wave B correction or soonest reversal first.
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Amazingly repeat the bars pattern so far - short pullback was sold offComment
UpdateWave (A) finished and we are now in wave (B), which could be another selling opportunity for wave (C).
The wave C of (B) could be in progress to hit the blue box of 50-61.8% fib.
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UpdateThis is how I see the map now. We could see another spike higher in wave 5 of C of (B). I highlighted such move in wave A with a red ellipse - it was tricky as it trapped a lot of traders I guess.
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UpdateWave 5 up emerged as planned into the blue box area as whales stopped out the crowd and sold there.
Support was broken as price moved below the valley of wave 4.
Enjoy the ride to the downside.
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If history may repeat I copied bars from the preceding move down and highlighted crucial areas just for experiment and education, let's live and seeComment
Update - another sell opportunityComment
1 minute time frame - scalpers view (for education purpose)Beautiful impulse as I see it in breakdown of 5 waves.
Triggers are marked, hope one would enjoy it, cheers.
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Warning Comment
The structure that I see in the Dollar Index (DXY) could invalidate the map for eurusd presented here. Be careful.
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