A (ABCDE) triangle is in development. In this case we expect E wave at 11944 level
this scenario it is better for the next week than today, because we have NFP's announcement.
Wave v of (v) ends very quickly because of America's news and a pullback started .
wave iii of (iii) its ending. A probability of a pullback it's high..
Rule number one: the trend is our best friend. So do not go against the trend ever! The trend continues to be upward in medium and long term level.
After completion of cypher pattern, it seems a triangle abcde is in development (already wave c is .618 of wave a). So wave e we expect to established in 0.7687. If so, open a short position with stop loss in 0.77404.
a pullback it is normal... 1. Fibo ret. ext. 1.618 (12023) wave (iii) 2. Cypher pattern in development