In the beginning of wave-5 ? Wave-4 retraced 0.382 of wave-3 And wave-C of 4 made C = FE 1.272 AB
As long as RSI is sealed by the red slope , UT should lose momentum. If not , bullish trend will resume. Tomorrow US datas to watch.
EU is on strong weekly support where it reverse trend on last march and novembre. Will it bounce again for the 3rd time? Weekly Doji on supports ==> Do bulls want to control ? Light bull devergence on MACD Entry on next candle SL under Doji Low Target upper trend
From last mid-march USDBRL (Day) drops while MACD indicates there are more and more buyers. At some time buyers will rush in it. Will it be at B between > 0.618A. > and (c) = 2(a) expansion
usdzar on longterm weekly support + rsi bull divergence
Since sept '15 usdtry is in wave IV(red count) which could be : 1)Flat IV sub-waves ABC has been finished then bullish wave(3) is expected (black count). 2)Triangle IV sub-waves ABCDE has been finished then bullish wave-3 expected (blue count). 3)Flat IV as Double three WXYXZ then bearish sub-wave Z is going on (orange count). Usdtry may extract from this...
ending diagonal C of 4 is in progress ? rsi 11 div Buying area 2.8 - 2.75
Long entry near 2.8 to 2.75 : expecting bull wave 5
Will USoil build Alt ABCD ? As Expansion : CD = 2,0 AB @ 26,95 As Extension : CD = 1,618 BC@ 20,90
BAT@3,04 Alt ABCD @3,03 SL > X TP @ 2,72 (Expecting Mid Term target )
H4 chart Zigzag Wave-2 or wave-b is developping Here are also superposed harmonic patterns Cypher@2,05 Shark@2,04 Invalidation under 2,03
2/B is in progress (b) retraced 0.618 (a) Expecting 5 waves (c) with target (c) = (a)