In similar fashion to EUR/USD analysis, we can see a bounce from the 61,8% level of the original impulse up and a move to the outer structure to complete the third touch before we can see some serious selling. A lot of retailers are selling now and are going to get caught on the wrong side of the market before the big move to the down side.
Further confluence is that this will be the 5th wave/3rd impulse since the trend resumed its bullish momentum - further confirming a top is near but not yet reached.
Further confluence is that this will be the 5th wave/3rd impulse since the trend resumed its bullish momentum - further confirming a top is near but not yet reached.