Hi All,
The Looney is really being a Looney over the last couple as it is massively rallying despite massive MASSIVE divergencies. I have this count as follows.
Wave 1: Standard impulse
Wave 2: ZZ retraced 61.8%
Wave 3: Extended to 2.618%
Wave 4: Flat retraced 23.6%
wave 5: Looney high marked with the blue line.
As you can see, there are 5 key high's that kept pushing this pair higher despite being over bought as this pair is at the top so a short is predicted. With keeping an eye on this as it will make some massive moves to the downside.
Happy Trading
The Looney is really being a Looney over the last couple as it is massively rallying despite massive MASSIVE divergencies. I have this count as follows.
Wave 1: Standard impulse
Wave 2: ZZ retraced 61.8%
Wave 3: Extended to 2.618%
Wave 4: Flat retraced 23.6%
wave 5: Looney high marked with the blue line.
As you can see, there are 5 key high's that kept pushing this pair higher despite being over bought as this pair is at the top so a short is predicted. With keeping an eye on this as it will make some massive moves to the downside.
Happy Trading
Nota
Alternate count with the short still in play with a triangle wave 4 before the big drop.Ta
Nota
Nice little impulse and is looking very complete. I'm watching out short entries now 
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.