This analysis is for educational purposes only. It is not an investment advice.
Base count from the 2017 congestion is shown on the chart as a bullish price objective. It is met and slightly exceeded. What is striking me at the moment is the BEARISH DAILY PIVOT of the bar chart ( not shown) as well as the high pole formation of the 3 box PnF chart. Correction is well and truly now in play. At best, we expect congestion/flat price action behaviour at current levels. My view is that further pullback over the next several days is a real scenario with this pair. I will publish a bar char analysis of this pair in the next few days when time permits. EURO deli gonul gibi fazla cosmus, dur artik yeter!
Base count from the 2017 congestion is shown on the chart as a bullish price objective. It is met and slightly exceeded. What is striking me at the moment is the BEARISH DAILY PIVOT of the bar chart ( not shown) as well as the high pole formation of the 3 box PnF chart. Correction is well and truly now in play. At best, we expect congestion/flat price action behaviour at current levels. My view is that further pullback over the next several days is a real scenario with this pair. I will publish a bar char analysis of this pair in the next few days when time permits. EURO deli gonul gibi fazla cosmus, dur artik yeter!