Euro Bounce

The Euro move down clearly counts as a 5 wave move. Therefore there will be at least one more leg down ( if it's an abc structure) and potentially 2 more (if it's a full count of 5 ). This bounce then is corrective, which it looks, and likely contained by resistance represented by the previous highs and Fib. retrace points. 1.2910 to 1.2960, the .382 retrace.


Popular posts from this blog

WTI Update- a 4 Handle Future?

Biden Climate Plan and Global GDP

Gasoline a By-product of Distillate