those retail traders that is jumping in to market by advice of their friends or a tv reporter is going to regret this action . big dealers are ready to kill the money of those people in the next days . i recommend you stay out of the market for confirmation of new bearish trend . good luck
1- i can see a clear bearish wedge in chart 2- our chart face 2 level bearish divergence in 1H and 4 hour time frame 3- daily chart has a clear hidden divergence between last 2 high in down trend 4- daily RSI is in OB area 5- we see that the weekly trendline is going to push back market down 6- price is in huge resistance area and crossing it...
1- price broke the down trendline to up 2- there is 2 stage Divergence between price with Rsi 3- price headed a to huge support zone now and cannot cross it without pullback and gathering enough energy 4-main daily trend is still bullish and a hidden divergence is clear between last 2 low
selling pressure seems higher than buy in last 2 week and news and events confirms it as plan a if i consider hole thing as a huge correction then i m going to expect a huge bounce back to up from Euro this week at 1.16500 weekly support level then it will hit 1.18300 again and will return to 1.15800 as plane b price will touch 1.16500 as a...
target one will hit in more than 95% chance so it would be much better to enter with 2 position and after 1 hit manage your stop something says me we are going to see euro ride much higher than previous weeks but i m not sure good luck
do not use this as signal for buy . just for education porpuse
after this wave the big corrective or impulse wave to up will start trade with care good hunt
i hope our support could give us some money . make sure of trend changing before entrance good hunt
sell the break out keep your eyes on stoch
1st impulse wave in diagonal form has done at the end of a flag in ABCDE form in daily chart and time is for correction then huge fall will start good hunt
almost 3 day correction was so complicated and almost so short even my mind is blown for just 14% retrace that wave 2 made but it is acceptable due to Elliott rule but happen less than we expect normally in sharp waves we expect small correction .my mind tell me we r going down sharp to 3rd wave but lets don't forget to keep eye on price may be ...
what is clearly can be seen in this chart is a fully clear abc corrective wave in 3-3-5 form looking back too the weakly chart say me that we may be in the start of the 3rd wave . but analyzing data is a little bit complicated about this chart so i got 2 plane for this plane a 70% price has some strong support i his way to down 1-daily and weekly ...
almost done nothing in past 3 days to see this wave rush . and after it get complete the big fall will started . i hope this keep going well