EWI:
"
[Nearing a bottom]
Key Level: 1.0683
Bigger wave degree trend remains down but is late in development. The final decline sequence in five waves may be underway from 1.0683. However, it is about equally plausible that the final upward corrective pattern preceding the final pattern ending leg down may be unfolding as well. If so, this upward fourth wave consolidation would likely be unfolding as a an expanded flat or triangle. That would place maximum interim upside potential at a little above 1.0683 before bigger wave degree pattern ending weakness commences. Price progression over the coming day should tell us which short term wave pattern to focus on. Al Graham for Jim Martens
"
re: absolutely hopelessly clueless... :)
"
[Nearing a bottom]
Key Level: 1.0683
Bigger wave degree trend remains down but is late in development. The final decline sequence in five waves may be underway from 1.0683. However, it is about equally plausible that the final upward corrective pattern preceding the final pattern ending leg down may be unfolding as well. If so, this upward fourth wave consolidation would likely be unfolding as a an expanded flat or triangle. That would place maximum interim upside potential at a little above 1.0683 before bigger wave degree pattern ending weakness commences. Price progression over the coming day should tell us which short term wave pattern to focus on. Al Graham for Jim Martens
"
re: absolutely hopelessly clueless... :)
EUR/USD