Today's Support and Resistance Levels:
R3: 140.54
R2: 140.30
R1: 139.93
Current spot: 139.78
S1: 139.28
S2: 138.72
S3: 138.17
Technical Summary:
Support at 139.50 did protect the downside for one last rally higher towards 140.30 (just 5 small pips above our 140.25 target). I'm now looking for a break below support at 139.28 for confirmation that the top of red wave (ii) is in place for a new impulsive decline in red wave (iii) down to at least 131.61. However, the risk is that support at 139.28 protects the downside for a slightly new high, but at no point should resistance at 141.26 be broken as that will invalidate our bearish count.
Today's Support and Resistance Levels:
R3: 1.6476
R2: 1.6419
R1: 1.6348
Cureent Spot: 1.6309
S1: 1.6287
S2: 1.6238
S3: 1.6214
Technical Summary:
The break below support at 1.6344 indicates that a more complex correction is unfolding, than expected. Wave E is allowed to decline to support at 1.6214 but it can not break below this support as that will invalidate the triangle scenario. Short term I expect resistance at 1.6344 (former support has turned to resistance) will protect the upside for one last decline closer to 1.6238 before wave E finally is in place.
yes again as alwys you are the best there is
ReplyDeletei try hard to go this count u made
every time i found the end of ii wave which you label is (c) my count alwys give me 7 waves from the wave b to wave c which end at ii it alwys 7 it's not 9 at all !!!! if we go with that count the ii still need one more push testin 140.30 again and god help sellers if it's break to anew hi with dragi speaks today i think god help all the sellers if this true
sorry for making another comment but i can't make changes to my post once it's puplish
ReplyDeletei'm with your count i see it very good but the difrnt betwent us is i made the wave you labeld as 1 of (c) i already made (c) and the correction is over and we count to at least the hi @ 145 or may be highr but of course i can't wait that along i'm already like a cloun here dancing and jumping with every tick ha ha ha ha