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1st. As you can see, there is a Down side channel that is steel intact.
2nd. There is a Gartleys Pattern.
Last down side fractal was retraced 50% for the last up side move, at the same time last up side move extended 1.618% TARGET = 107.00 around.
3rd. We are in te las wave C of Z of B in Elliot Waves of the irregular retracement ...
Be careful, this is the end of a big final trend, this down move could be so fast and then have a massive PULL BACK, this is the last down side move to finish the W,X,Y,X,Z pattern. Pull Back should be in 5 waves trying to find the 124.00 level or so.
For the final move. HAVE A THIGTH STOP LOST.
Don´t change from SHORT to HIGH so quickly, wait ...
After a complex retracement WxYxZ, UJ is going to have a 1,2,3,4,5, pattern to finish wave B. this should go to around 124.00 but is to early to define the exact target.
Now we should wait for 107.50-107.80 levels to enter LONG.
GOOD LOOK for every one!
UJ is looking to set the first Elliot Wave for c of B be prepare for a big High movements.
good look for every one!
have a good trades every one!
have a good trades!