There is no difference with my comments from yesterday. I’m just using a smaller time frame to show that the RSI is also diverging here. Additionally, the last leg of the fifth wave can also be counted as a diagonal …
As for right now, this market has made no progress in either direction leaving both counts still intact. However, the nature of the recovery from the low at 1.0495 appears to be corrective, and that leaves the bottom vulnerable. Breaking …
I’m pasting here what I said yesterday: “Suspected wave 3 traveled 2.236 of suspected wave 1 and suspected wave 4 managed to retrace exactly .382 of wave 3. So it is all working according to our expectations. We should continue …
I think by now we have plenty of evidence that my labels were incorrect… at least in the intermediate term. Fortunately, the long term is still intact, and today I am bringing back my weekly chart to give you a …
Nothing has changed since yesterday. Prices encountered resistance at the fourth of one lesser degree, but from there they have not been able to break critical support at 1.0768. You can clearly see a sell setup with the RSI35/5 and …
I stand from my latest comments. The moving averages should be crossing in price soon and that will give us a good opportunity to probe the short side.
Yesterday I went long at 1.0890 and today I am 30 pips in the hole. However, I have not given up my intentions because the count still makes sense. I should point out that the RSI has now changed to …
Yesterday prices were at 5749 when I wrote my update. Today, they are at 5741, so my expectations and suggestions to stay on the side are the same.