As I mentioned weeks ago, a major correction is now taking place. So far, signs of a ABC zigzag are showing and if that is the case, we are only riding wave A at the moment. Wave A is a 5 wave impulse and I will take profit at the end of the 3rd wave before the retracement. What may happen this coming week? We may see a small pull back to the 1.2224 level but it is only temporary before the downtrend resumes. Patience is the key.
Remember, my wave targets and channels are estimate target levels and are based on Fibonacci and Elliot Wave Principles. They are subject to possible adjustments. Timeframe was not taken into consideration when projecting targets.
DISCLAIMER: THIS IS NOT PROFESSIONAL ADVICE BUT MY PERSONAL REFLECTION OF THE MARKET.
Remember, my wave targets and channels are estimate target levels and are based on Fibonacci and Elliot Wave Principles. They are subject to possible adjustments. Timeframe was not taken into consideration when projecting targets.
DISCLAIMER: THIS IS NOT PROFESSIONAL ADVICE BUT MY PERSONAL REFLECTION OF THE MARKET.