It's Not Unusual to be Longed by AnyoneYeahhh... baby dig that rare bird the 7th Elliott Wave. These used to be once in a decade structures, now we got two within six months if this plays out.
It did this in November. This is a distribution pattern. Just when you think the damned thing is gonna bull, it rolls over again... and again... and again.
Monday 18th ought to finish bearishness if this pattern prints. Be real careful about getting big long before this is confirmed to be done.
Last 7th wave down ended 3 Dec. It waterfalled real good. Don't be caught in it. HOPEfully the bearishness is over but be sure before you plunge!
Called this post Neutral cause indicators are in the middle and direction is still unclear in spite of the encouraging rally on Tews' Day. GLTA!
Seventhwaveprinciple
Eur/Usd Target 1.1590 Or 1.1144 then to 1500s??? The bigger picture: in highest degree is buy buy buy, anywhere down to 1144 / 1174 and target the moon.
Ultimately I want to be long. I feel the core projection for the weekly move down has reached max target at 1195 +161%, 261% comes in at 1145 and 88% maybe a retrace in wave 6 for the set going up from 1105
The second hit on 1210 now looks like wave 4 in set going up.
I've closed sells again and LONG AGAIN.
Have set sl to 1100 for buy orders!
Upper target now 1.1590
Eur/Usd SELL Contracting triangleEuro looks ready to drop to new low and finish the down move of last few weeks. Here it's made a contracting triangle (top declining, bottom rising.) The move now to the upper trendline termination E. Price can undershoot or overshoot the trend line at point E. Price should not go above 1.1296> Sell 129X target 1174/1144.
Eur/usd Ending diagonal/ falling wedge stops under 1236.Eur/usd keeps grinding lower, but clearly a reversal wedge or triangle is formed up and reversal coming.
Core projections are being skewed lower or stretching out in time with every 6 wave to 7th wave for all waves in the last few weeks.
I'm holding long with stops under 1.1236.