Weekly View Point
This week I had to take a look at the bigger picture to get an idea of why charts been moving the way it is.
To my surprise, we are in a Impulse (Pull Back) 4 inside of weekly charts.
Knowing this information, gives us an idea of the dominant direction in play
With so many charts wanting to reverse to the upside, and after seeing many failed Impulse Bull Waves Fail, I can see why looking at the weekly.
Looking price to possibly get as low as 1.8860 before Weekly Wave 5 begins.
Hope this helps.
Happy Hunting.
To my surprise, we are in a Impulse (Pull Back) 4 inside of weekly charts.
Knowing this information, gives us an idea of the dominant direction in play
With so many charts wanting to reverse to the upside, and after seeing many failed Impulse Bull Waves Fail, I can see why looking at the weekly.
Looking price to possibly get as low as 1.8860 before Weekly Wave 5 begins.
Hope this helps.
Happy Hunting.
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