Disliked{quote} Well that all depends if yesterday's move was an impulse... which I don't agree with. In fact, yesterday's move was a correction from both a market sentiment POV as well as technical. I also believe the correction is over as evidenced by the lack of follow through today on top of a few technical indications which also suggest that a correction was overdue (such as a bullish hidden divergence on the daily charts plus unfinished PA retest business at the 1.3190 area.) Of course this is just my humble opinion based solely on 12 years trading...Ignored
Would be interesting to now the number right now after a 450 pip move.
Right now I am without charting program, but later I will show you a daily EW count, where yesterdays surge is the wave C impulse of an ABC-flat correction