We are still looking for the same movement that I forecasted on my previous chart. Click on the related link below.
We are currently completing the internal 123 flat of the bigger corrective wave. Expect a small up move to the 2,900-2,950 range and then look to complete the bigger flat structure by falling and bouncing on the 2,700 zone.
If you would like me to forecast a specific pair that I have not covered, feel free to comment it down below! Please don’t forget to follow, I will be posting forecasts & trade setups daily.
If daily closes above 2950 today, would that invalidate the call to 2700?
finsIe
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@ttdang, No I do not see it like that. In my opinion, there is a very high probability of seeing 2.7 zone before going for new highs based on the pattern. Hopefully I am not wrong :)
ttdang
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Great analysis - I have a similar view, but I think it will stop at the 0.618 fib 2838, which is also in the top of the small down channel, then reverse to drop to 2700/50 - what do you think?
finsIe
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@ttdang, It could, but I think it will be a strong impulse down to the 2.7 zone very quickly. Either way, good luck and thanks for your comment. Have a good night buddy.
ttdang
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@apdodog, you too, thanks for sharing :) and sorry I mean stop at 2938 for this upmove, before rolling over to 2700 - have been too used to see 28xx haha