Over the past week the euro continued its upwards movement. But the bigger picture of this action still looks overlapping and strained, a typical sign of corrections.
Now that the euro has reached several important points, is a top in place or should we expect further rallies?
We’re updating our count to reflect the most recent price action and to present tighter targets and invalidation points.
Also please note that, from now on, we will be discussing two confirmatory studies which reside outside the realm of Elliott wave analysis on a daily basis: MACD and Japanese candlesticks patterns. The presence of these studies has an impact on the confidence of a given count.
We hope by adding these studies that it will prove beneficial for our members, and please bear with us as we reach – together – the best presentation and full integration of these studies into our existing service.
EURUSD – A Top in Place?Read More »