Waiting for short, 50-618 fib of previous wave, resistance area, bearish ascending triangle.
Assuming this is the bottom point of wave 3, due to horizontal and diagonal resistance levels, as well as macd moving upward while price continuing down, indicating a potential change, as well as RSI in severely oversold. On wave 4 looking to have an extended wave ABCDE pattern, due to wave 2 ABC correction toward the 50-618 fib of the previous wave down, as well...
Fibs/ Trend / Waves / not pushing above previous waves / MACD cross. Believe EUR is done bull for now.
ABCDE expanding triangle, short off 50% fib of last structure with stop at .886
ABC structure was broken and it bounced off trend line. Short was opened.
After Re- analyzing this about 20 times this is what i have come up with and reasoning underneath the chart, as well as my entry point with stops and TP areas.