Corrective part in log for better readability:
106$ - 108$ looks like a good level to watch for a hold:
Alternative count of the C-Wave, that would allow for another low:
106$ - 108$ looks like a good level to watch for a hold:
Alternative count of the C-Wave, that would allow for another low:
Comment:
Looks like we might be at the level of interest now. Count works either way (impulse or multizigzag).
Comment:
While the USD-chart already went deeper, the EUR-chart is just entering the interesting zone, so we'll have to see if this will be the relevant one
Comment:
Clearly wasn't the immediate bullish case, currently leaving the third option shown in the first comment of the original post, which would still have some more work to do:
If wave 5 turn out to be an impulse that is, could always turn into a diag - impossible to say at this point.
If wave 5 turn out to be an impulse that is, could always turn into a diag - impossible to say at this point.
For the bullish view, could be done here as a WXY or could add another XZ, which I would prefer.
For the one more low view we'd be in an impulse to the downside, which would look like it would possibly have finished the wave 3 here.
So it'll be important what the next few moves will be.