Showing momentum

9 ביולי 2015

Possible outcome:
1. expanding wedge/megaphone
2. channel with 60% retracements
3. Strong Elliot wave #3
4. Head and shoulders


Update* lowering target 1 to 1.42 as this can be another correction.
***Cancelled trade, there seems to be some bearish candle formation in the daily and weekly.
This trade is in trouble and will create a big drawdown if not cancelled (7/1215)
My bias still bullish but Im gonna enter after a few days where bear juice runs out or at least an AB pattern completes.