The price broke the previous structure with a new high with an AB = CD pattern,in my view as a correction, however I'm terribly bearish with this pair (technically).
Correction between weekly supportW1 and daily resistanceD1, bulls pressure on daily supportD1 keep holding the fall. If the market create a bearish impulse, I believe we can see prices to fall and test previous structure from 2008...
The "New iMPULSE" is one clone from previous, It serves only as a demonstration of a possible event, taking into account the basic Elliot movements, but as we can see, even that way, it points to previous structure support zone from 2008 with nails. Look left ;) - "this is a copy-paste" ...
I need your constructive comments to improve my analysis in Elliot waves. Please give opinions... Thanks in advance ;)
Monthly Cypher - link below
Eventual Shark:
Point B: 61.8% XA Point C: 113% to 161% AB Point D: 161% to 224% BC 88.6% to 113% XC Target: 38.2% to 100% CD
I am a financial market analyst based in Porto, Portugal. I provide market forecasts to a group of professional traders, playing a crucial role in assisting them in making well-informed decisions in the financial markets.
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.