EUR/USD flat correction
Technicals:
*The impulse wave is counted from the support channel line because on a larger degree that is where the previous correction ended.
*The impulse was validated by alternation between waves 2&4. Wave 2 being a zigzag correction and wave 4 being a flat correction.
*The flat correction is validated by this retracement breaking the 0.786% level.
What to expect?
*We will push down to the previous low and have a reactionary impulse to the upside that will make a lower high. Which will be the start of a beautiful downtrend. Good luck guys.
*The impulse wave is counted from the support channel line because on a larger degree that is where the previous correction ended.
*The impulse was validated by alternation between waves 2&4. Wave 2 being a zigzag correction and wave 4 being a flat correction.
*The flat correction is validated by this retracement breaking the 0.786% level.
What to expect?
*We will push down to the previous low and have a reactionary impulse to the upside that will make a lower high. Which will be the start of a beautiful downtrend. Good luck guys.
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