EurUsd 16 May 2018

Yesterday move down for eu was fast and unexpected as the retracement was shallow
Initial thought was that the shallow retracement is wave b and was looking for another push higher
However price keep dropping and it never should any mini 5 wave up on the lower time frame to set up a buy

Now that price had dropped to new low, the corrective idea is invalid.
Price now show a 5 wave drop for EU and it is expected to complete the move down for a reversal back up for the shorter time frame
Looking for mini 5 wave up on lower time frame to set up a buy, good luck