{quote} Droped to 0506.. now the pivot is at 0531. You should watch price action here and observe how bulls treat a bullish structure (the rise from yesterday) If, they are not tough then, more fall to the next levels is coming.
Perfect DOJI (still-stand) on weekly chart right at: 1.0515, which is also last week's closing price... Save this level, because it will come in handy in coming days and weeks...
Perfect DOJI (still-stand) on weekly chart right at: 1.0515, which is also last week's closing price... Save this level, because it will come in handy in coming days and weeks...
Food for thoughts... Here is the same wave count from a bird's eye view of the weekly chart! Here I tried to show that a wave 5 down is still missing. It really feels like that. If that's true, at a minimum, price eventually has to drop to 1.02779! BUT if wave 4 is still not complete, price could also go all the way up, as close as 1 tick to the red line and fall down without touching it and still stay as a correct wave count. Can you grasp how much room banks have to play with the emotions of retail traders? Please do! That said, since this is...
{quote} i think you are wrong. EU has completed wave 5 completely. it is time for eu to pullback...maybe at least to 1.14xx
Good morning. EU is correcting its yesterday rise to 0602. A drop below 0508 will open the road to 0471/36 and above todays high at 0602/27/43. 30 min chart with smaller timeframe analysis (grey and blue arrows). {image}
