General overview for 28/05/2015:
The impulsive wave progression to the downside hasn't been completed yet as there are some wave still missing. The current corrective structure in wave 2 black looks uncompleted as well, because only wave a purple to the upside had been made so far. The market might make another wave down, labeled as wave b purple and the rally up to complete the irregular flat corrective cycle. The max. retracement for the corrective wave is at the level of 1.1061 - 1.10 77, that confluences with the 61% Fibo zone as well. On the other hand, in case of a sudden move to the downside below the level of 1.0818 the alternate count is in play.
Support/Resistance:
1.1091 - Weekly Pivot
1.1061 - 1.1077 - Resistance Zone|Confluence Level| Key Level|
1.0818 - Local Low
1.0735 - WS1
Trading recommendations:
Swingtraders should keep the sell trades open and add to sell positions if the market hit the grey rectangle resistance level.
IF YOU WANT TO DOWNLOAD THE FREE MT4 INDICATOR THAT SHOWS THE POSITIONS OF THE OTHER TRADERS FROM AROUND THE WORLD (AS USED IN MY CHART) PLEASE CLICK HERE:
IF YOU NEED MORE DETAILED ELLIOTT WAVE COUNTS,
SIGNALS
AND
EDUCATIONAL MATERIALS,
THEN JOIN MY VIP SERVICE!
??????????????
IF YOU WANT TO MAKE MONEY USING FX PORTFOLIO
MANAGEMENT PLEASE OPEN YOUR ACCOUNT
USING THIS LINK:
MANAGEMENT PLEASE OPEN YOUR ACCOUNT
USING THIS LINK:
No comments:
Post a Comment