The fabulous recovery does not in any way invalidate the potential Triangle I have been suggesting. However, you’ll notice that I’m still keeping the original count on my chart. And while I don’t trust it, at this point I would …
Yesterday we were expecting the 1.28 support to prevent prices from moving lower, and so far that has been the case. Current price action appears to be forming a triangle that should send prices above 1.2873
After what appeared to be an impulsive recovery from the low at 1.0825, prices retraced in a clearly corrective fashion leaving yesterday’s top at 1.0866 vulnerable. As a very minimum, my expectations will be to see prices moving above that …
As I said yesterday, the larger count is unchanged. Prices recovered quickly, and hopefully the low of the correction is already in place at 6477. We’ll keep our focus on higher prices and continue with our plans to add using …
The correction we were expecting was very shallow and prices continue following our forecast. If we are correct, we should see a lot higher still – probably all the way to the 2-4 trend line. However, the longer time projection …
Nothing to add to my comments from Friday. Please review the video posted in our FB group.
I’m afraid my previous comments are not valid any longer. The decline from the top at 1.1277 can be counted as a Double Zigzag better than as an impulse. With a little bit of imagination it’s also possible to be …
There is nothing to add to the explanation I gave yesterday in the video I posted in our FB group. Prices went up as desired to better complete the count. The 4H chart shows a reverse 3 in 1 trade …
Nothing to add to yesterday’s comments. Despite the attempt to continue lower, prices still found support at the lower boundary of the channel and were unable to break the low of 143.45. If such a break occurs, you need to …
As we said yesterday, the recovery had the power to take prices all the way to 4150. Prices went even higher to 4167 and then have been falling from there. The rally did not manage to penetrate the trend line …