Descending channel - short-term long from 1.1870

4 mag 2018

I´m sure you have all seen it but an extra observation that i find interesting is that if we do see a drop down to the lower trend line today then that would also confirm a nice AB=CD on the day, having just retreated 50%. A big drop from here i know, especially being a bit late in the day but it wouldnt totally surprise me and would add a bit more ammo for long at the lower end of the channel.