Clues from the past on EURCHF by ThinkingAntsOk
Main items we can see on the weekly chart:
a) We are making a study between the previous corrective structure (yellow lines) and the current one (white lines)
b) We have two precise corrections before the beginning of a new impulse
c) The first one happened on the edge of the corrective structure, in the same way, is happening right now
d) If we have a breakout of that corrective structure (gold circles), we will have a confirmation of the new motive wave
e) Following the previous situation, we can see the 2nd correction above the previous one.
f)CONCLUSION: Currently, we are in the first circle, and we want to see a breakout of it, that will be the explicit confirmation that a new bullish movement is starting
a) We are making a study between the previous corrective structure (yellow lines) and the current one (white lines)
b) We have two precise corrections before the beginning of a new impulse
c) The first one happened on the edge of the corrective structure, in the same way, is happening right now
d) If we have a breakout of that corrective structure (gold circles), we will have a confirmation of the new motive wave
e) Following the previous situation, we can see the 2nd correction above the previous one.
f)CONCLUSION: Currently, we are in the first circle, and we want to see a breakout of it, that will be the explicit confirmation that a new bullish movement is starting