$BTCUSD 1H EUROPE UPDATE - 07/05/2018 clients

No change in view. From current level, while a marginal new low cannot be ruled out, we should see a 3 waves bounce that will fail below 9,948.98 for another leg lower. Alternate view is FLAT from 04/05/2018 high and from current low at 9,207.00 correction is completed and uptrend resumed.