Correction completed or still in progress?
This is an update for my previous idea: tradingview.com/v/PLOnlxFA/
We have now completed five waves to the downside for wave (c)
within a complex correction. Price has reached equal legs
for (w)=(y) and wave c extended 1.382% of wave a.
Now, we should see a bounce, as price stays above 1.0560 (where
wave (c)=1.618*(a). If this level is breached, we are most likely doing
an impulse).
A break above wave (x) high (=1.10515) would confirm that a bottom is in place
and we should see new highs in this pair.
Follow all my demo trades at myfxbook.com/members/tlkemmy/demo/854232
and follow me on twitter for intra-day updates twitter.com/atliveanner
Visit me at: Traderwgun.com for more in depth analysis.
Good luck!
We have now completed five waves to the downside for wave (c)
within a complex correction. Price has reached equal legs
for (w)=(y) and wave c extended 1.382% of wave a.
Now, we should see a bounce, as price stays above 1.0560 (where
wave (c)=1.618*(a). If this level is breached, we are most likely doing
an impulse).
A break above wave (x) high (=1.10515) would confirm that a bottom is in place
and we should see new highs in this pair.
Follow all my demo trades at myfxbook.com/members/tlkemmy/demo/854232
and follow me on twitter for intra-day updates twitter.com/atliveanner
Visit me at: Traderwgun.com for more in depth analysis.
Good luck!
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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.
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.