EURUSD destroyed my expectation to bounce off the an intermediate pitchfork median and extended it's run toward the outer pitchfork boundary.
This DOES NOT CHANGE MY BIAS - downward.
Price Action is still within the downward scope of the pitchfork and, additionally, seems to be developing within the scope of an Elliot Impulse Wave (Circled Roman Numerals).
At the current time, price is developing into a Wyckoff Distribution with the requisite SOW forming as I type this. This formation informs my "drawn-out" hypothesis.
I currently expect price to decline to the 1.0490-1.0510 range before moving up to 1.0645 - 1.0668 range.
After that, say buh-bye, and watch for price to go below 1.0358.
Trade Smart. Trade Safe.
This DOES NOT CHANGE MY BIAS - downward.
Price Action is still within the downward scope of the pitchfork and, additionally, seems to be developing within the scope of an Elliot Impulse Wave (Circled Roman Numerals).
At the current time, price is developing into a Wyckoff Distribution with the requisite SOW forming as I type this. This formation informs my "drawn-out" hypothesis.
I currently expect price to decline to the 1.0490-1.0510 range before moving up to 1.0645 - 1.0668 range.
After that, say buh-bye, and watch for price to go below 1.0358.
Trade Smart. Trade Safe.
