This analysis is based on the Yearly chart with Prorealtime.com data.
Target of this wave down will be 1.6645.
My view is that will begin this week a 4th wave up to 1.75040. In fact is not necessary to go so high, but I will check after the print of the first impulse waves.
Support expected for this new week is 1.6984. That means that price must remain above and will touch this point without break within the next days.
Green/Blue lines are levels for these waves and should be used as S/R as price will gonna jump between.
Good luck.
General Notes
These points could overpass a little as long as the impulse will be there, usually on a 4H or Daily UTC server, not here at Tradingview unfortunately because server is not sync with UTC.
As always I am only predicting where things happens, not when, because that really depends on others factors as the agreement of all major sessions - London, NY and Singapore - and also on Events, the fast/slow motion tool.
Also those points are not random or just imagination, they are in fact result of my calculations based on wave counting, measurement and convergence.
Of course this is a personal and original idea and not bulletproof, so don't blame me if it doesn't work. :-)
Target of this wave down will be 1.6645.
My view is that will begin this week a 4th wave up to 1.75040. In fact is not necessary to go so high, but I will check after the print of the first impulse waves.
Support expected for this new week is 1.6984. That means that price must remain above and will touch this point without break within the next days.
Green/Blue lines are levels for these waves and should be used as S/R as price will gonna jump between.
Good luck.
General Notes
These points could overpass a little as long as the impulse will be there, usually on a 4H or Daily UTC server, not here at Tradingview unfortunately because server is not sync with UTC.
As always I am only predicting where things happens, not when, because that really depends on others factors as the agreement of all major sessions - London, NY and Singapore - and also on Events, the fast/slow motion tool.
Also those points are not random or just imagination, they are in fact result of my calculations based on wave counting, measurement and convergence.
Of course this is a personal and original idea and not bulletproof, so don't blame me if it doesn't work. :-)