AS SHOWN ABOVE, THE CONSOLIDATION HEAD AND SHOULDERS BOTTOM USUALLY APPEARS AS PART OF CORRECTION DURING THE UPTREND,HOWEVER THE UPTREND RESUMED WITH THE CLOSE ABOVE NECKLINE AT 1.2170.
I HAVE POINTED TO THE BEST BUY POINTS, SOME OF THEM NEED TO THE BOLD INVESTOR LIKE POINTS 1,2. THE PARTIAL DECLINE HAS FORMED ,GOOOD ! TRADE IT, EXPEXT THE BREAKOUT TO BE UPWARD
I DO THINK POINT 2 IS THE BEST ENTRY TO RIDE AN EXPCTED RUNWAY RALLY
THE (THIRD WAVE OF THE FIFTH OR C WAVE IS UNDERWAY ) HOWEVER, WE HAD TO LET THE DEVELPOING ADVANCE UNFOLD. ANYWAY A MINIMUM TARGET IS 1.2245
MAY HAVE EXTENDED TO 1.2380
A SIDE NOTE:- I USED A CLSSICAL ANALYSIS WITH ELLIOTT WAVE PRINCIPLES TO SHOW THE BEST ENTRY POINTS
FOR INSTANCE POINT 2 , IN ELLIOTT WAVE ANALYSIS IS THE BEST ENTRY POINT WETHER THE WAVE IS THE THIRD OR C, ON THE OTHER HAND A CLASSICAL ANALYSIS CONSIDERS IT AS A BOLD INVESTMENT
KEEP IN MIND , THAT EURO MAYBE FORM A TRIANGLE, IF SO ,THE UPWARD BREAKOUT WAS WAVE C OF B OF TRIANGLE, MORE LIKELY ENDED AT 1.2245 AND GONNA SEE A THROWBACK AS WAVE C OF TRIANGLE
PLACE UR STOP BELOW 1.2110
