In the big picture, the last wave of the downward movement that started in 2011 should now be in place. Contrary to the count of the many, the movement since the low in March can in no way be counted impulsively. We have now probably completed the yellow X as a complex corrective pattern. The pair should now run again to the area of the 2008 low to complete the movement.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.