Euro Daily insight
Sive, agree with most you said.
Sophisticated situation, even pervert, hehe..
Yesterday we started quarterly swing low level...hehe, whatever this means...
I think move from HH 1,3992 to 1,3502 is not motive wave (
added: i mean an impulse)...this is most dangerous finding and statement, because if market (?) will recognize it as such later, we will sink like a rock..
IF it would be already recognized we would be in 3rd of 3rd, which is usually most aggressive, so we should sink lower and lower and....
Fact is that we are in weekly swing and that wave from 1,37 to 1,3575 could be read as 1 or a on daily..if it is 1, we are near common target 162 extension (same for wave a)..common retrace for 4th is 4th on lower degree what would be 1,3548 zone..Fact is that last projected target of 5th on H4 is at 1,3380, there is also D of Crab..
I will consider it disqualified as an impulse if we retrace above 1,3575 and go lower than 138 extension at 1,3426 (according to Prechter)..I think we should consider daily close or spike below 141 extension, according to me, hehe..
As it is, we could go anywhere, except due West, hehe..
If we check common oscilators we are
potentialy in very strong divergence..But my friend says: Oversold could become more oversold and overbought could become more overbought..
My prefered count is Flat correction of whatever 1,35 low is, either 1 (could be 1ED too) or aF...so most of options for later stay in play...