A lot of anxious and undecided trading in the market towards the end of last week which is expected pre elections. However, the predictions/counts I have posted on here has been bang on and I anticipate this to continue with a surge by EUR
Here's a quick recap of my wave count from the running flat I posted.
Starting from the low of wave C of a running flat at 1.0565 which finished with an .
Wave (i): 5 Wave Impulse move up
Wave (ii): Double ZZ combo (WXY),
Wave ( iii ): 3rd wave extended to 423.6% Fib extension ratio
Wave (iv): Flat correction (Wave (ii) vs (iv) - Rule of alternation all met)
Wave 1 complete
From the top of wave 1, a completed which terminated shy of followed by a clear impulse up.
It will be interesting to see how round 1 results on Sunday night plays out but with all the key indicators met on my USD post, a start of wave 3 in a bigger timeframe could be in play as of Sunday.
Best of luck all...
Gap will have to be closed on the correction later in the future but this is a massive sign that EUR has turned.
Let's keep an eye on this for sure.
Waiting for a gap filler and looking at adding to my positions!
Keep and eye on this one
Here's a quick count to show a possible scenario
Ive closed out on some of my positions as the impulse looks complete. I am now looking for a retracement to close the gap as per below's chart.
Count update (Big Picture):
Wave 1: From the bottom, a leading diagonal
Wave 2: Running Flat
Wave 1 of 3 (Current impulse): This retracement is potentially wave (2) of (1) of a bigger wave 3 and ties in nicely with the French elections in 2 weeks for for a EUR surge.
Looking for a short entry (Short term) and going long at the close of the gap