well after very complex correction i guess we will see the ending of it.
i see more weakness on dollar and fundamentals also showing more tensions with tariffs. here from technical i see abc correction marked with sub waves, also eurusd have same reverse pattern. on the chart in comments u can see the bigger full view on this. like it so ull be notified for updates...
well this structure became even more complex, red A has not repeated yet, in the wave B in the midd has developed a complex diagonal /purple/ which is now at the endings and as showed on the chart im expecting some closest form of a diagonal with which the price would came to that blue line which is very strong support. price must bounce of there! but will it...
my expectations for eu r that we r going to test that blue line some were at the orange parallel and if we have strong brake it may retest that as a support and going up is imminent. but if we bounce from there we may retest the low and more likely to brake it. for now it very much depends what structure it will make thru the night, with orange is presented 3...
since gold made such a big move i think correction may be more complex and this r my thoughts. all tho i hope thats all the correction and will run up...
well since we r in the middle of the correction ill try to explain what outcomes might happen. on the support yellow parallel there will be bounce and will it be enough as a structure and to proceed up, or it will drop much further as predicted in previous chart /in comments/ so need to see the structure that will make on the way. but that orange shadow is from...
ok folks since we get precise that nice move down as on previous chart, now im expecting so see some more deeper correction before rushing down again. its early to say whats gonna be but here on this chart im showing my expectations for running flat and expanding. for those who understand patterns there is a gartley taken from the top and butterfly taken from A of...
this analysis is showing both ways warnings! so with evolving and every new information and move that the market is making we can read the intentions but everything can change, so ill try to explain euro pound here. on daily tf is showing big divergence and is at the daily resistance and after the first motive 5 wave structure we can take all that (white...
this as a B wave might turn in to 5 wave structure and overall bigger picture to came out as 3-5-3 structure
the structure that is printing now looks very much like previous in yellow parallels, so as expectations are for downside need to see if somewhere there will find set up.
that was diagonal with which that whole move downwards ended.
if the price moves in predicted manner that means those yellow ones r making bigger correction and that bold blue arrow is motive move, it just have bigger correction aka. butterfly just need to identify the last yellow structure. p.s. previous touching on this support resulted going up with butterfly, can see it in comments.
obviously the first yellow count was not all the correction and latest run up very much looked as a part of a bigger structure. i assume it will make running flat which shows that the continuation move wont be so big, since on daily/weekly we r at resistance. but for last part of the structure as per chart im expecting another abc or maybe it will be 3-3-5...
on a daily in comments this has a big drop as very clear motive wave and perfect school correction. now that move downwards the way that is moving in those parallels seems that is printing a diagonal. so since it is a beginning after a correction im expecting a motive wave, and in those parallels that last drop its too big for anything else to be considered...
all tho this looks like gartley pattern im not quite sure that gbp will pull so hard and thats why ill just leave this here and will not open position, in in comments will put smaller time frame set up.
here is the set up that im seeing but as iv said im not comfortable to trade this, so lets have it as education.