price previously made a steep bearish correction showing an imbalance of prices still. bullish impulses formed a small channel indicating a loss of momentum. this bullish leg seems a lot like a corrective ABC wave rather than a 1, 2, 3 awaiting a 4, 5. regardless, wait for price to prove uptrend is now over by making a corrective structure to the upside and trade the breakout or the top of pullback.
chfjpy sell:
impulses turning into channeled structure
ABC wave complete
tp: 103.640
chfjpy sell:
impulses turning into channeled structure
ABC wave complete
tp: 103.640
David K Giraldo
