Eur/usd started the 4th wave correction Up-side with these events.
Two sharp zig-zags for up. A
One semi and one sharp irregulars that retraced more than 61.8 percent of first zig-zag. B
Again two sharp zig-zag for up (ending with a expanding diagonal tri-angle, 15m chart)C (major A)
After the digonal tri-angle, the fall has marked 50 percent retracement from C, which is ideal for any wave B.
But, the double irregulars in previous phase suggests double pattern at least for wave B.
A fall between 1.22400 & 1.21300 suggests two sharp zig-zags waiting.
But a fall below 1.21300 suggest, the correction Up-side might be over.
No comments:
Post a Comment