The correction (Wave 4) was a running flat, so this is now wave 5 of Wave 5 - the beat
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DislikedThe correction (Wave 4) was a running flat, so this is now wave 5 of Wave 5 - the beat {image}Ignored
DislikedUS prelim GDP in 5h from now. US PMI numbers were good and peeled off 100pips in a big hurry Monday. Daily chart retrace to even 1.16 would not damage the long term trend reversal from down to up on monthly/weekly/daily charts (would probably even be healthy for long term bulls). Would not be heavily long here.Ignored
DislikedIf it turns before touching 1.19 big figure again, this would be a strong sign for the uptrend to continue. We have seen this pattern many times in the last months whenever bulls turned out to be in the lead in hindsight.Ignored
Disliked{quote} How many times can you expect weekly candles to dip? It already dipped twice on weekly and even a 3rd time on Daily just yesterday towards the mid area of weekly sideways channel 1.1842 area.. I don't see it likely that bulls will waste this chance and this theater has to end at some point.. Just thinking out loud.. Stay GreenIgnored