EuroMotif

EURUSD long entry Zones to watch: EU retrace Done?

EuroMotif Mod Aggiornato   
FX:EURUSD   Euro / Dollaro
EU displayed a near perfect 12345 impulse rise.
The 5 was a bit extended but valid nonetheless.
Extended Fives often lead to sharp corrections.

The ABC correction may be completed already.
But I think it has one more leg down to finish.
Look for next 12345 start, try to catch wave 3.

The above zones were born of two Fib sets.
The Red fib measures the correction from top.
The Green fib was the uptrend set in idea below.

Prologue:

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Ordered Chaos

every Move is born from Impulse, like a Pebble into Water.
every Pebble bears its own Ripples, guided by Golden Ratio.
every Ripple behaves like its forerunner, setting the Pulse.

each Line adds to Gravity .
each Line must be Tested.
each Line has some Aspect.

2 line confluence is Dependable.
3 line confluence is Respectable.
4 line confluence is Worshipable.

every Asset Class behaves this way.
every Time Frame shows these ripples.
every Brain Chord vibrates the same.

He who Understands will be Humble.
He who Embraces will observe Order.
He who Ignores will behold only Chaos.

Ordered Chaos

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Commento:
here we are at first possible support but not looking to hold, will wait for the next one at 4.618
Commento:
Next zone it is. Decent signs of it being relevant
Commento:
Closeup of the action between zones
Commento:
Looking good under the microscope
Commento:
Not a good sign that it came back into the vacuum between zones but no matter what happens, these zones have now proven their validity. So the fibs that comprise them are even more solid now.

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Commento:
Now a Good sign, back into the top zone bulls need to break out with conviction and NOT retest the 1.14352 boundary

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Commento:
Nice bounce off the red 4.618 after a stop hunt below
Commento:
Nice continued confirmation the the zones
Commento:
Nice reflection off top of zone
Commento:
Well the count was wrong but the zones proved solid
Closer inspection: notice the numerous Pings (exact reflections) on the zone boundaries. Further thoughts on the pic
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Commento:
2 line confluence is Dependable
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Commento:
Ping ...

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