Sell signal hit after the 5 waves of c completed. Wave (2) almost retraced all of wave (1). Expect continued movement downward. 1.3770 still is nullification of this count. Wedge formation is evolving so we need to break lower uptrend line for more confirmation. Bollinger Bands still decreasing so we will need to see momentum downward to solidify this count. If we...
I believe we have finished off wave e of 2, I would of liked to see price get up to upper Bollinger Band around 1.618% of wave a 1.37818 but we saw good resistance at .3770. We have made some LL and have had a 61.8% retracement of wave (1), look for more downward movement to follow and hopefully momentum to pick up to the downside. Above 1.3770 would nullify this count!
Continued buying of dips confirming a longer C pattern in this corrective 2nd wave up. Look for continued upward movement probably in an a,b,c formation to end wave e. Looking to see resistance at top Bollinger Bands and 1.618% of wave a. Looking to short around 1.3785-.3800 but first to see if top BBand starts to round and flatten in the next 2-3 4hour bars....
Monthly EUR/USD has continued to look like a correction wave. Price has hit resistance at downtrend line as well as Fib retracement. (w), (x), (y) formation should be finished ending wave 2 of larger Y correction. Wave 3 of larger Y should increase in momentum in next several months. I have turned slightly more Bearish and await momentum. If EUR/USD continues to...