Price has fallen from previous forecast and reached the Lower Median Line (Note P0 point was adjusted to low on 03-Jan-2017).
A retest of the Median Line has failed and stopped by 0.764 retracement.
Expecting price to test support at 0.5% and eventually reach 0.764 retracement on daily time frame (refer to part 2).
Upside Risk: Price may retest Upper Median Line again?
A retest of the Median Line has failed and stopped by 0.764 retracement.
Expecting price to test support at 0.5% and eventually reach 0.764 retracement on daily time frame (refer to part 2).
Upside Risk: Price may retest Upper Median Line again?
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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.