In my previous chart I forcasted a correction at 0.7865 beacuse:
1.) Inverse head and Shoulders Target Price Met
2.)Resistance of the previous top connected from the previous low (In RED).
So Far, so good.
Now I put some of my swing trade and other tools to work and come up with 3 levels on the Correction.
1. Pyschological/ Fib Support: 0.7799
2. Yellow Rising Wedge Target: 0.7740
3. Elliott Wave Target: 0.7660
Price has fallen out of the Rising Wedge so now it is just how far can it go.
Current Position is a short at 0.7835; aiming for minimum Target 2 @ .7740 or lower
1.) Inverse head and Shoulders Target Price Met
2.)Resistance of the previous top connected from the previous low (In RED).
So Far, so good.
Now I put some of my swing trade and other tools to work and come up with 3 levels on the Correction.
1. Pyschological/ Fib Support: 0.7799
2. Yellow Rising Wedge Target: 0.7740
3. Elliott Wave Target: 0.7660
Price has fallen out of the Rising Wedge so now it is just how far can it go.
Current Position is a short at 0.7835; aiming for minimum Target 2 @ .7740 or lower