The analysis is as follows: Currently, we are in the wave five of a primary impulse wave. What makes me believe this idea, is that there is clear alternation in the waves 2 and 4. Wave 2 is a short and deep zigzag, whereas wave 4 is a long and shallow triangle. The wave 3 is CLEARLY extended, and this is obvious from its very shallow corrective waves, and its...
Europe Quant Score: Yesterday the score was -32 showing weakness, but a shift of over +32 points showing a dramatic increase in strength overnight gave this amazing long bias. Even though the EUR score is technically neutral, this large shift is showing a change in momentum. Hong Kong Quant Score: Consistently weak at -21 - Trade entered already by our...
TSI W: bull bias TSI D: Long signal on early day price action RSIEMA: bull bias 10/5 Daily bull cross RVI long signal with bull bias
Just as with EUR/USD, the pair doesn't want to fall. We can see on the weekly chart a continuation pattern unfolding same as the one on the 8 hour timeframe. If it keeps this level and support, then an upward move is inevitable as the long term trend with Euro from we can see on the Weekly chart and Monthly is long. I would suggest to wait for more confirmation,...