Nice volatility this week: US midterm elections yesterday and FOMC today.
The FOMC event should NOT be much a market mover, no change expected.
The election result of Democrats winning control of the House will have longer term implications.
Technically speaking:
The move down looks like a wave 3 may have completed.
Looking for a wave 4 up into London Open, then hopefully a final dive.
It is also possible that wave 3 has not yet completed, just resting during Asian session.
But lets see how this plays out.
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.
Background:
My EU shorting adventure began in early 2018 while looking for a top around 1.2500
Once it started dropping, I fined tuned the Fibs and EW count to arrive at 1.1500 ad mid target, and 1.070 as final target
I have since been shorting bounces whenever possible, such as per my last plan
Thus my current plan to scalp another leg down before it might correct upwards with force.
The FOMC event should NOT be much a market mover, no change expected.
The election result of Democrats winning control of the House will have longer term implications.
Technically speaking:
The move down looks like a wave 3 may have completed.
Looking for a wave 4 up into London Open, then hopefully a final dive.
It is also possible that wave 3 has not yet completed, just resting during Asian session.
But lets see how this plays out.
.
.
Background:
My EU shorting adventure began in early 2018 while looking for a top around 1.2500
Once it started dropping, I fined tuned the Fibs and EW count to arrive at 1.1500 ad mid target, and 1.070 as final target
I have since been shorting bounces whenever possible, such as per my last plan
Thus my current plan to scalp another leg down before it might correct upwards with force.
Trade closed: target reached
Nice, hit all targets until the possible double bottom. Time to close shorts and plot the next chapter. 
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.