EURUSD
The Bulls:
We need a close above the wave one @1.10248$ to keep valid an eventual 5 waves impulse. (default)
Eventual AB=CD pattern...
All seems to be synced, 1st wave with a 61.8% retracement, followed by a 161% extension forging wave 3 @ weekly resistance 1.13750$, and now, a new pull back wave 4, that can never overlap wave 1 to keep an clean elliott 5 waves impulse, ending at Monthly resistance @1.17$. Nice cluster zone (confluence zone).
The Bears:
Breaking this support zone, or pressure zone, we have the 2nd target for the completed harmonic. (published before by the way :) ... check links below)
...this will invalidate the elliott impulse wave as default ratios, and we need to start the counting again... Weekly support as target if broken...
Check also educational chart for beginners below to calculate a cluster zone :)
Safe Trade;
open.spotify.com/tra...M8Ib3AEyyQuMWj5xt6sq
Comment:
Cluster
