Both last swings indicated that EU is ready to hike back to the former, upper price. The price shows a false break price action which is externally retraced near the former peak. The shark harmonic pattern showed up and must be completed in order to make the future price advances back up. On the larger scale, the XABCD pattern on the half way to complete its body and turns into butterfly.
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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.