DislikedThe medium term count will be invalid only if cable drops below 1.9880 low. Well today's nosedive is really stunning, EUR/USD dropped over 210 pips today so far, first time ever since I started trading last year. Any fundamental takings?Ignored
Hm I think cable may just either have gone into the end of a 5 countish correction end, or some other wave. One way or another I expect at least a 3 wave move lower now after today. Will be reinforced if we close below 2.0315...then things will be bad indeed. Below 2.0240 for me is my first critical "wave over" spot since that's what I thought was Wave 4. So SOMETHING is going down, literally...
Well, let's see. EURUSD may have completed a 5 wave sequence, too, which might only have been the really big daily Wave 3 and now starting an A down for an ABC. The B(or 2) end will be most delicious to enter into if that's true then
Trust price. Know yourself.