Price decisively moves to the north. Applying Schiff pitchfork, we see that price "sees" its basic levels, and is heading towards the median line. Median confluences with the fibo projection for the wave 3 of the unfolding impulse (200%
level or, if you apply FE - that will be 162%).
Price action is strong enough to make a reasonable assumption about the impulse.
If it is correct, than we can stick to the basic EW to measure movements within the impulse and get nice trades.
Good luck!
level or, if you apply FE - that will be 162%).
Price action is strong enough to make a reasonable assumption about the impulse.
If it is correct, than we can stick to the basic EW to measure movements within the impulse and get nice trades.
Good luck!