After publishing a previous article on another pop higher. After grinding sideways for the past few weeks. It seemed that this complex correction of wave 2 of 5 is ending as a flat correction (3-3-5). We can count a 5 wave move down to the 1.226 handle.
As such, I am expecting wave 3 of 5 to begin soon, which will probably take us to levels near 1.26
As such, I am expecting wave 3 of 5 to begin soon, which will probably take us to levels near 1.26
Note
Looks pretty spot on. Price action has been rising in an impulsive fashion. Looking for breakouts above 1.255
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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.