Allthough downside as DZZ is still possible I find more probable further unfolding ED to up side.. Good trading!
On H2 looks more normal, at least one more higher candle we should if not ED as I see and expect the structure..anyway, take care, could be avything.. Good trading!
It looks as an Impulse so far.. aproximate targets going nice with bigger tF.. touching 1 I expect ED as x.. Good trading!
Target of second ZZ in DZZ is at leat equal price level but most tricky here could be that with such double top we get daily swing too so all tasks and goals will be acomplished at same time. I expect higher.. We must be aware IF there was CT as corrective w.. biggest surprise would be extended 5 waves stracture of the leg we are currently in.. so, not too fast...
but did not hit 20 price level so I expect one more push down and then I really expect to finish to upside whatever it intend to do: to break into Y or to top 2 or b for downside.. meanwhile gold should also make that high for X.. Good trading!
to start thinking bearish short term too? Check gold and if gold and eurusd make wave together, we might not go above 1,12839 or eventauly as wave c and not climbing in ED.. gold Good trading!
As long 1,12611 holds, ED as C is most probable.. Break below could be nice abd strong and might be start of C or 3rd.. but as said, gold makes me think we should creep higher.. Good trading"
Here is Pink Edition which is to expect iF correction was not CT.. I find it very probable because of price action in gold.. Good trading!
Had to adjust the chart... So, this is most important chart to me. Is wave 2ED in pkace or not.. I think it is nor and we will get this leg, wave C soon.. If it goes below 1,10861, then Pink Edition is in play.. howerver, I do not expect verx deep move down.. My daily bias is shorting. Good trading! ps BUT if there was CT as correction, top cvuld already be placed ..
This congestion, correction to me, makes me trouble most in 1st wave or it is ZZ or ZZFamily pattern because whatever is going now ATM, the lenght of this move, the required minimum targets, depned on it. As ZZ we supposed to get either ZZ or a motive wave, if ZZF then only motive wave. Target of ZZ is to be at least equal to 1st, target fo a motive wave is to...
In this correction everything could be read: - if ZZF with CT and Suspicious congestion, we might have top - if ZZF as AF amd WXY in inner flat, we might get a motive wave as cFlat and if cosider H4, we could get ZZ too - and last option is ED as CFlat.. Draghi might clear the fog and mess, soon. Good trading!