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Re: Clear Recomendation For EUR/USD (Elliot Analysis)
Eventhough the`prior analysis is not already out, this scenario doesnt seam to be apropieated for a W3 yet. The 60 minute data do not show us much, even the 1.2048 is intact, the time and price for a W3 is faraway
Lets concentrate for now in the daily data.
Today is was a trend reversal on the oscilator on the over bought zone, the rally from 30dece to jan6, shows clearly a w1, and the correction of a w1:3 is a typical 0.500 to 0.618 of w1:3, it means then than w2:3 do not finish yet, and the idea of W2 looking for its target is a much clear scenario.
Then my analysis now is for the downside looking for a target between 1.1977 and 1.1933, before the W3:3 starts.
Watching the oscilator then, positions short with the cross over on the oversold zone
Then 1.2130 must be take out to start thinking thna W2:3 to be complete o near completition
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