DislikedEURUSD If the medium leg has been made and it disrespected the FIB 1.382. If the soft leg got higher high then we have a double top. Then we have a confirmation of a bearish divergence which means that we had a 5th leg up. Usually and most of the time the 5th leg is a divergence or convergence. Also from we might have also have a fake fib 1.382 breakout if it disrespected FIB 1.382 {image}Ignored
London close will confirm its fate
Look at that Up ward slope of the 3rd leg and potential 5th leg.
The potential 5th leg upward slope momentum in the MACD is pale in comparison to that 3rd leg.
This is not investment/trading advise. Will not hold accountable for loss