According to my basic scenario there could be corrective decline ahead. Being only the ii of (iii) of ((iii)) that decline can be a good set up for long. RSX is down.
Alternative scenario - all rise is finished and EURUSD is on the way to the parity.
Alternative scenario - all rise is finished and EURUSD is on the way to the parity.
Note
Could be 1-2 sequence down OR just three waves. Needs more market subdivision to clear that out.Trade closed: target reached
That is do or die moment. There is a possible impulsive rise. So in case there is a decline in three waves then it could be considered as a confirmation of a turn.The wave ii is to be over in this case.
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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.