EU has been consolidating for some time, I've marked up a distribution scheme as seen on the chart. Waiting for more confirmation before getting in a buy. Elliot wave, we're on number 5 right now, waiting for the ABC correction would be wish too. Looking out for bullish divergence and a lower timeframe accumulation from the point of interest marked which is a 4H sell to buy IC candle which took out equal lows. Buying up to the UTAD which has yet to be tested to then possibily sell off out of the zone.
Comment:
The last 4H buy candle before the huge drop we had today could be a good target for TP1 too