This is how Elliot WAVE structure works.
Yesterday Market fell down until 1.27550 and this was a strong support\resistance area was respected many times before as well as support resistance and from here it got rejection.
If we see 4Hours Chart its showing very clearly that Market is pushed high from the support @ 1.27550.
As i shown in the chart market got a nice pull from 1.27550 and its final destination will be 1.30000 in upcoming week or may be in 10 days.
From where it will have to fall down again towards point 3 again.
We can Expect the market will touch 1.30000 or 1.30200 in next Week.
For me. Its a BIG LONG.
Please hit like button and following me if you want to see more technical analysis on E5 Structures and Harmonic Waves.
Yesterday Market fell down until 1.27550 and this was a strong support\resistance area was respected many times before as well as support resistance and from here it got rejection.
If we see 4Hours Chart its showing very clearly that Market is pushed high from the support @ 1.27550.
As i shown in the chart market got a nice pull from 1.27550 and its final destination will be 1.30000 in upcoming week or may be in 10 days.
From where it will have to fall down again towards point 3 again.
We can Expect the market will touch 1.30000 or 1.30200 in next Week.
For me. Its a BIG LONG.
Please hit like button and following me if you want to see more technical analysis on E5 Structures and Harmonic Waves.