Today's intense downward movement ended in accordance with expectations at 50% of the pulse. Strong traffic growth created a five wave move, instead of the expected three wave. It looks like that this movement LEDs currently deepened after the previous correction making wave B or wave 2 reversal. This wave is perfectly able to finish close to the level of 1.300 at the same time amounted to the largest adjustment range of the previous movement, retracement 23.6% and created by the formation of Head and Shoulders.
Next week we will find out whether the market will behave perfectly.
Next week we will find out whether the market will behave perfectly.