Wed, 19 May Update
Hi Guys,
I didn't receive my Buy signal yesterday, so I was aside. Now we're approaching to strong support - 1.2044 weekly oversold, 1.2022 Fib support and 1.2129 Weekly Pivot support 1. Stops had been cleaned out already, so this area is not bad for some reverse up.
But. I do not see any particular Buy signals yet. Besides, there is a weekly XOP just below 1.20 - at 1.1968. So, market can break your heart first and after that will start up move.
For now there is just one important thing - patient.
If we'll see some strong pull back from that area, then probably this is it. But for now is nothing yet. I do not even attach any chart, because there is nothing to show. You can look at weekly chart in the beginning of these thread to refresh levels in memories.
When I see something - I'll let you know.