Weekly Outlook (Update)
- So far, bears did a very good job to fill the anticipated big void that I started to mention a few months ago...
- I must note that price has arrived at Alternative 1.27 AB=CD level: 1.0224.. Not a guarantee, but levels like this could trigger a bounce up!
- Another reason to sell carefully around these lows is that the structure looks like the wave C of an ABC correction of wave B (or wave 2), which might have ended (or will end soon) to trigger a wave 3 (or wave C) up. Too early to tell yet, but I have these gut feelings...
Anyway, long term speaking, that's all I can see for now...
Enjoy your weekends and we hopefully meet again on Monday to analyze further...
Peace
Focus only on what truly matters!
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