My last post seemed a hair off, but in hindsight, it's because I used the first of the two major lows on this upswing. Silly me.
Regardless, this post shows the cloned blue box placed on the proper low, showing the high of the candlestick bodies perfectly. I've done the same with the retracement (red) boxes, but have used and started on the wicks. This should serve as a nice visual reference for whatever happens next.
I'm actually long EU right now, since the 60 minute chart is bouncing at a confluence point of support, but this still appears to need some more retracement before continuing upwards.
Regardless, this post shows the cloned blue box placed on the proper low, showing the high of the candlestick bodies perfectly. I've done the same with the retracement (red) boxes, but have used and started on the wicks. This should serve as a nice visual reference for whatever happens next.
I'm actually long EU right now, since the 60 minute chart is bouncing at a confluence point of support, but this still appears to need some more retracement before continuing upwards.
