This pair have been in a huge corrective structure for 10 years Currently it seems to be making wave E to the top of the structure but of course it may make a large correction before reaching the top.
The E wave shape also backs up the strong possibility of a correction within it. Conclusively we should be watching carefully for any break down of the current E wave Given that we are looking at a weekly chart any move down will be huge on a daily scale
All forecasts will be updated as they develop - remember to follow to receive them.
Always wait for an entry set up before risking your money.
This is not investment advice - it is purely for educational and discussion purposes. Your Ideas, comments and questions welcome
Good luck Steve
Komen
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One of these 2 scenarios will take the price to the top. It will either stay in the channel and make one more up or it will break down for a huge correction before move north.
Komen
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The power of Wave Principles - a 4 month old prediction