A 2 day trade where the DSR's laid out the trade plan, PA steamed thru target1 and about to hit target2 both substantial DSR traced from historical levels.
Tech score at execution:
1=Trade is following bear trend
1=D completion point has 786 & 886 confluence
1=D completion at DSR
1=Final impulse harmonic ending at DSR
1=RSI at overbought
Originally a tech score of 4 to take a Short at 0.74100, but stopped out on the approach of Monday morning NYC open,
now justifying a re-entry Short with RSI at overbought or leave it ?
1= Cyper completion at 127 ext
1= Historical structure at 0.74166
1= RSI divergence
1= Elliot 1-5 wave completed
Have a cypher building and justifying the probability of a C-D leg completion.
Looking for structure around 0.99211 to bounce PA to structure level 0.99607 to complete the leg.
With an Elliot 1-5 wave that approached monthly high, peaked over RSI 80, turned at structure, I am looking for confirmation that Elliot will complete a 2-3 leg and drop into lower support.
Looking for Short on breaking structure around 0.98952, see what happens at open in a few hours.
AUDNZD cypher build itself, BC leg hit the 1.272 ext, setup a Long to TP at 382 retracement (just closed @1.07621), if we get over reversal zone @ 1.07756 next target is Sell at pattern completion.
