Price was forming a complex correction namely W-X-Y, so a double correction pattern always has corrective subwaves it doesnt contain motive waves.
I think price was in a 2rd wave phase and now price will reverse to the upside direction. The wave II retraced 50% of the previous wave from the old low 1.20008 to high 1.29450 .
From the current price we need to see a push to the upside to form 1 and 2 therefore we can consider going long.
I think price was in a 2rd wave phase and now price will reverse to the upside direction. The wave II retraced 50% of the previous wave from the old low 1.20008 to high 1.29450 .
From the current price we need to see a push to the upside to form 1 and 2 therefore we can consider going long.