Elliott Wave on 4hrs TimeFrame
The 4rth Wave can not less than 1.14204 in this case,
Weekly Timeframe for Longer View
The Primary Trend: UP
Up-Breakout (Trend changing Pivot point): 1.20500
TimeCycle : not clear vision
Important Numbers to be remembered on weekly chart
Paramount Underline(i): Selling is valid with using a stop to loss 1.21225 above
Targets 1.35800/1.39100 after up-breakout
The Price Action with Volume Theory:
Condition for Sellers: The price must be close to 1.17539 below + must be surged volume more than avg. volume.
Series of Tails: U-Turn confirmed
First target 1.14987 next candle.
The 4rth Wave can not less than 1.14204 in this case,
Weekly Timeframe for Longer View
Up-Breakout (Trend changing Pivot point): 1.20500
TimeCycle : not clear vision
Important Numbers to be remembered on weekly chart
Targets 1.35800/1.39100 after up-breakout
The Price Action with Volume Theory:
Series of Tails: U-Turn confirmed
First target 1.14987 next candle.
评论:
Target achieved perfectly.