EURUSD INTRADAY Wave (3) at or close to locating its low.

28 thg 5, 2018

I've adjusted the ending diagonal to favor wave v is still unfolding so we'll drop working resistance to 1.1728, a swift move up through this level will signal wave v is in place and with that, wave (3). Ongoing divergence in RSI warns a fifth wave is looming, if it comes as an ending diagonal we could see a full retracement of the pattern, i.e. a swift reversal back up to 1.1996, the origin of the pattern.