Invalidation of this count is at 1.12. Very Good risk/reward.
We have an initial 5 waves up post triangle. A correction is due. Potential stopping points on chart.
Looking for a retest of the 1.45 breakout level.Must hold between 1.4510 and 1.4477 (38.2% through 61.8%). Invalidation Level 1.4422
This is a short term chart using 5 minute candlesticks. From 1.12952 high to the recent low of 1.1181, we have completed an impulse wave down. A 3 wave correction is due. Down side is limited for the next few hours.
The rise from 1.4139 is impulsive (5 waves). This implies the trend is up. However, after 5 waves a correction is due. Ideal entry zone is between the 38.2% and 61.8% Fibonacci retracement levels. Areas in blue are real support. Wave count invalidation is all the way down at 1.4139. This analysis is being made to supplement the Technician's 4th Trade and provide...