We are in a large Triangle for blue wave B of a larger degree wave 2.
Currently we should be in wave red wave ((e)) of this pattern.
This count gets invalidated if prices goes above 1.3375.
Triangle patterns always precede the last move of a larger degree pattern, meaning we will see one more push lower for wave C before going up again.
--------------------------------------------------------
If price goes above the invalidation level, we might see it go up towards 1.35 - 1.36!
Currently we should be in wave red wave ((e)) of this pattern.
This count gets invalidated if prices goes above 1.3375.
Triangle patterns always precede the last move of a larger degree pattern, meaning we will see one more push lower for wave C before going up again.
--------------------------------------------------------
If price goes above the invalidation level, we might see it go up towards 1.35 - 1.36!
Note
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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.