As expected the euro ended the day with an upwards movement which had reached our first target and came 25 pips short of the second target.
We’re updating our counts to reflect the most recent price action and to present tighter targets and invalidation points. And as usual we’ll use each count’s invalidation point as confirmation of the other count.
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.