Inside the Corrective Pattern

10 Ağu 2016

EURUSD is about to create the ZigZag Pattern. The question is to which level the price will decline before starting the next rally. I calculated two confluence zones with fibonacci levels where the price is likely to bounce.
Since I'm new to Elliott Wave Principle, my research could mislead you. Be careful. EURUSD

11 Ağu 2016

İşlem kapandı: hedefe ulaştı

Am I good? The calculated confluence zone near wave 4 was reached and the price bounced back