Zink asked me if a Shoulder/Head/Shoulder top was apparent in this cross. As can be seen on the 4 hourly chart a possible S/H/S top could be in place, but the question is more whether, this will cause a major decline or just be cause a "minor" correction before the next impulsive rally higher. I prefer the later. I will be looking for a decline towards 1.7746 before the next rally higher.
However the decline from 1.8825 isn't the best looking in regards to being impulsive and a ending diagonal could be developing and if this is the case we should not see a move below 1.7865 before the next impulsive rally higher. However, for now we should be looking for more downside pressure.
https://www.dropbox.com/s/ee4eboi25nzne3p/20140324_Extended_Report_EW-Compass.pdf
ReplyDeleteHi EWS this is the last report of your friends!!
What you think about eurousd and gbpusd?
Who have rigth?
Hi Zink,
DeleteI don't know who's going to be rigth, but I know when I'm wrong and need to review my Count. Then same is the issue with my friends from WaveTrack.
Kind regards
EWS