We have touched the bottom of the reversal zone...
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The big retracement inside the reversal zone is worrying since it could be a winding up for the move up
If the next move up is a strong one, we can expect a move higher into reversal zones 2 or even 3
For now, we are still following our original plan but I just thought that I would share my understanding of the new information with you
Good luck, be careful
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Today's move was very strong indicating the penetration of the reversal zone 2 So heads up
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Again we have a very strong move that actually penetrated into reversal zone 3 It is now clear that this is wave 3 so once it ends we should expect a boring wave 4 that will set the stage for how much higher we can go
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Wow... A very strong move that even penetrated the top of zone 3 with great ease Theoretically, this area should hold today Let's see
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Here are 2 more possible reversal zones
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Very impressed with how the Turkish government curbed the decline of the Lira in such a strong wave 3