Still looking for one more leg on 1m to complete the entire down structure at around 1.0945
nezyrinfx
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it did not retrace and market is very slow today. most possibilities are going to fill that 4hr gartley which is also maybe in the PRZ of the C point of Bearish Butterfly. which also will commence the 3rd wave up and also completion of wave 2. am i correct with the wave count?
JigneshDavda
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It already retraced to 1.0986 which is enough for a new downside cycle to start. I'm watching a break of lows at 1.0940 which will confirm that the new cycle has started.
JigneshDavda
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Looks like wave C has completed at 1.1065.
Expecting a pull back and the second leg for a double correction
nezyrinfx
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let me guess...it will drop down from 1.11078
JigneshDavda
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would think a bit higher
JigneshDavda
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reaction from 1.1070 calls for one more leg up
nezyrinfx
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i see it at 1.11078. lets see.
JigneshDavda
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that was too shallow of a pullback for wave x, which means my initial theory of the C being in place was probably incorrect
nezyrinfx
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hehe..i nvr knew abt this EW to be honest...ever since i start trading,ive only uses fibonacci and fell in love with it and strengthen it by adding harmonics into it :)