Euro moved down in an Impulse as posted in the last article and now seems to be reversing exactly from the marked support zone. Hourly : Looks like Wave .c is complete and we are moving up for Wave iii/c. Stop Loss below 1.14642 (Swing Low)
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Euro : 1H : SL reached, will look to re enter longs again above W.4 high :
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Euro : 15 min. : Looks like W.ii/b may be continuing as a Flat structure :
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Euro : 15 min. : Expected progression :
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Euro : 1 H : Considering Hypo 2 ( Case of Wave iv continuation) : It looks like we may be moving in a Wave .b as a Flat type of correction.
Hence a move above LT line can be treated as long trading opportunity with SL below recent swing low :
Trade geschlossen: Stop wurde erreicht
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Euro : 1H : Looks to be moving in corrective 3 legs down from POR, it is unclear if W .b (Yellow) is already complete or still continuing, hence we wait for further clarity :
Hi, would be great if you could update your view, now that price has moved far below your estimated target box and resistance line (purple)? Thanks in advance and have a great day.