EURUSD FORMING AN AB=CD RELATIONSHIP ON 2 SWINGS, ALSO CAN SEE HORIZONTAL LINES OF PRIOR SWING HIGHS AS SUPPORT....GOOD AREA TO WATCH FOR BUY SIDE...
Daily Chart made ABC corrective wave, the hourly chart will have resistant on any bounce, before driving deeper....
Larger Term AB=CD into resistance, bounce from this point should be limited 1.423-1.526 before new downside.
EURUSD Daily....can start to correct 3-4 wave.....before one more move up into key resistance..
EURUSD completing a 5 wave up, now can correct with an ABC pattern around 25% of the larger swing up...
AUDUSD Has completed a 3rd test down of a DEEP CRAP, is holding support....
DOW is already back below the 2014 Opening Price, this market was diverging from the S&P & NAZ on the rallies....AAPL is the drag on this market. Potential for 5 wave down
S&P Has hit TIME 2723 DAYS & PRICE 1.618 Extension and failed. This has triggered higher time frame sells, this first leg down broke the rising channel line, the market . The impulse down was out of a daily sideways line, and has no formed excellent resistance above. Although still in a bullish trend, the market needs a resting point, either an AB = CD down or...
EURUSD in large range into the Labor Day Holiday, limited downside. Looking for correction back toward 38-62% of hourly range.
GBPUSD Forms Shark Pattern....short term retracements on 15 min chart - buys
USDJPY has formed a CRAB and now has put in a lower high at the R-1 Level.....downside to come 38% Retracement