US500: A further correction towards 5192 before resuming purchases.
Bearish Scenario: Sales below 5220... Bullish Scenario: Buys above 5225 (if price fails to break below decisively) ...
EUR/USD: wave 2 is almost complete
2019-11-11 • Updated
It seems like wave 2 is taking form of a zigzag. So, there’s an impulse in wave [c] of 2. Wave (v) of [c] is likely going to end soon, so there’s an opportunity to have a downward correction in the short term.
As we can see on the one-hour chart, there’s a bullish impulse in wave (v) of [c]. The main intraday target is 7/8 MM Level, which could be a departure point for a bearish correction.
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