The wave 2 correction from 0.8400 became even more complex than expected, but it finally seems at it's over and wave 3 higher towards at least 0.8610 can take over.
To confirm that wave 3 is under way a break above resistance at 0.8283 and more importantly resistance at 0.8310 needs to be broken.
However, Elliott's first rule said, that wave 2 never ever can break below the starting point of wave 1, which is at 0.8154 and that Means we have a very favorable risk/reward situation at the current level.
Hi EWS dont know if you are working today if not have a great Easter Holiday.
ReplyDeleteDJI from 16,651 are we looking abc down and in x at the moment and looking for corrections lower and to what sort of levels in your view EURGBP should be a nice trade at these levels.
Best Regards jt
Hi EWS:
ReplyDeleteI'm thinking in the same pair at this moment. There are some pairs related EUR, like this, or EURJPY, or EUAUD, in a change of their price movement. Will be next week?