Euro came down and tapped it's 15-minute, 300-unit M/A (blue line) before recovering. My working count is shown. The down move is large for a 4th wave but the top of the 1st is 136.37. The M/A, if pierced now would be broken at 136.30. I still have an order selling at 138.18. I'll add another selling at 136.20 stop.
The dollar index M/A would be broken only by a move .50 above so it would require a larger rally than the Euro.
The action price for the stock market is DJI 10,675. There is chart support just beneath so I will wait for a bit of a rebound if touched.
Thank you for posting the I1 data here, so We may prepare for what might happen without confusion.
ReplyDeleteAs long as the trading rules as laid out in Intro and Concepts are applied there should be no confusion.
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