darrenmccoy

darrenmccoy

Assuming the elliott wave counts are on track, its the beginning of wave 3 in an uptrend continuation. Anything can happen.

darrenmccoy Updated 

Based on Elliot wave theory, the wave 5 pending will start the upswing. if it retraces to test then buy long. If it decides to swing down, then the opposite is true. I am testing out my research and applying to the EURUSD market on Monday morning and will be following it.

darrenmccoy

This could be a short trade, the downturn likely caused by the tension with China atm.