EURUSD - Trends, Forecasts and Implications (Part 3) - page 870
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Hello everyone!!!
Currently bounced from put options at 1.4881 (volume 173)
Tell me where this could lead to:
call options at 1.4898 (volume 408) next put 1.4930 (volume 210).
No more above put, only calls: 1.4948 (volume 772!!!), 1.4997 (volume 1702!!!!), 1.5047 (102), 1.5098 (631).
Beautiful, based on what?
Woolf wave theory, but the exchange rate could break through 1.4982 and then the new target would be 1.5037.
On the Wolf wave theory, but the rate could also break the level of 1.4982 and then the new target would be 1.5037.
Beautiful, based on what?
on intuition.
If Wolf, I think it's wrongly constructed. There is no wedge. 2-4 and 1-3 should converge somewhere.
Yes there is no wedge in this model and points 1-3-5 are on the lower trend line. I decided to post this model because I have noticed many times such models on history... there is no wedge and yet the price goes along the ray of 1-4.
Lowered the SL just in case.
May still be able to buy after a pullback from 1.4819, if there is a reversal.