Impulse starting in July lasted 7 weeks gaining 1.2T in market cap. Followed by a 3 week retracement to the 0.5 Fib level. The next impulse lasted 7 weeks, with again almost a 1.2T market cap gain. Currently the markets are correcting, bouncing off the 0.68 Fib retracement. Could we soon see another impulse to 3.5T with another 1.2T market gain?
Impulse starting in July lasted 7 weeks gaining 1.2T in market cap. Followed by a 3 week retracement to the 0.5 Fib level. The next impulse lasted 7 weeks, with again almost a 1.2T market cap gain. Currently the markets are correcting, bouncing off the 0.68 Fib retracement. Could we soon see another impulse to 3.5T with another 1.2T market gain?
After a big dump on EURAUD, you have a bearish lower time frame continuation breakout after retesting the 38.2 fib retracement. 11 RR.