As previous post writings There are 2 probabilities.
Probability 1 goes on : Eur/usd on H1 chart, the major green is extended 3rd and now has finished the 4th leg down! as ABC-X-ABC OR WXY ! and Eur/usd is on LAST leg called the 5th wave and it MIGHT extend as well.
Truncation in this situation will lead to more than 68.2% decline downside !
I am guessing, as the 3rd wave has too fast too far this might be it, however, We are in 3rd wave of Major IMPULSE ( as previous post - the rising wedge is 1st wave )
The conclusion of this probability :- Eur/usd is reaching at least 1.26800 soon
The probability 2 :
As Rising wedge could be found in Wave A, we might be in leg C and this could LEAD this C leg to 1.27300 area !
And then The FALL !
That fall could make go below 1.20 that is for sure !
This is Puzzle : was that rising wedge with truncation leg A or 1st wave - This may not be puzzle any more for me if the eur/usd crosses 1.273 area SHARPLY!
End of post .
No comments:
Post a Comment