During my last few videos, I have consistently mentioned that if we break this support at 1.08376 then Wave C has started.
Well Wave C has started and according to the larger degree analysis we are falling within Wave 4, and I expect this move to continue lower.
Price should fall down towards 1.04802.
As long as Wave C is in progress there is no reason to expect a bounce back to the highs.
Even during high volatility news, I believe it will continue to unfold as expected either during or after.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
Well Wave C has started and according to the larger degree analysis we are falling within Wave 4, and I expect this move to continue lower.
Price should fall down towards 1.04802.
As long as Wave C is in progress there is no reason to expect a bounce back to the highs.
Even during high volatility news, I believe it will continue to unfold as expected either during or after.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
