ab=cd simple but powerfull hormonic structure fib extention lvls EW - corrective 5 3 5 ECB news -ve for euro...all eyes now on dollar indx dxy... also eye wedge which normally is swing area 1.1 -1.09xx
weather correction is done or can test 61.8 or 50 % fib then leg down legdown tgt 34/33 cypher wC or structure abc to test low of 2016
abc could comlete uptrend or eye for wxy abc = 50 % fib correction
in global mkt in next lag down will determine weather
next week should give clear view
dxy seem to corrected o 61.8 fib (wB) and can turn down . need confirmation either it can can pull up 98/99 level to test channel top or cont. down . or stay sideway
close to support area... how far retrenchment will determine next swing
worth eyeing for HS or green box swing area weather w2 bullish or w1 bearish
loook out for divg for buy ...either 1 divg for new all time high or 2 divg for wB of abc
few ideas n comment on chart
completed wxy of wB or near,,,look for buy in weekly daily got buy signal ...
we had 5waves down .,which labled A of abc... cont ruleout complex abcxabc move as micro eco looks weak due global tension