The Descending Top declining bottom flat bull movement could be ending soon, as the Euro's
movement could change drastically in the next couple of days. The expectation of a Higher High
were met last week, projecting a higher low is what we have to come to terms with soon.
Possible Bear Market movement, According to Corrective wave principles.
Testing and Re-Testing Market Movement is essential in projecting the right price movement.
As indicated the 50% Monthly resistance point (Round Number's method), Indicates we could
possibly see a Top rising, Bottom Declining price movement.
Price seems to have retraced back to the 1.17359, Highs last seen in 2015.
A Long Trade, especially now could be risky.
Having established p.a, I am expecting the bull run to end around 1.19000 to 1.19200.
RSI still hasn't hit 70, which show's good indication of my projected price.
As this is an expanded Flat, current combinations seem to showing double zigzag
movement. Only way to confirm theory is to see the current end of the Top declining
bottom flat corrective wave.
But as this is the first test, I'll have the updated one next week.
movement could change drastically in the next couple of days. The expectation of a Higher High
were met last week, projecting a higher low is what we have to come to terms with soon.
Possible Bear Market movement, According to Corrective wave principles.
Testing and Re-Testing Market Movement is essential in projecting the right price movement.
As indicated the 50% Monthly resistance point (Round Number's method), Indicates we could
possibly see a Top rising, Bottom Declining price movement.
Price seems to have retraced back to the 1.17359, Highs last seen in 2015.
A Long Trade, especially now could be risky.
Having established p.a, I am expecting the bull run to end around 1.19000 to 1.19200.
RSI still hasn't hit 70, which show's good indication of my projected price.
As this is an expanded Flat, current combinations seem to showing double zigzag
movement. Only way to confirm theory is to see the current end of the Top declining
bottom flat corrective wave.
But as this is the first test, I'll have the updated one next week.