Quick plot to map upcoming resistance zones.
Initial bounce was strong and clearly "Impulsive".
But the resulting movement is more "Corrective".
The Elliott Waves plotted are purely a GUESS of movement.
But the Fib zones are SOLID and each will caue a reaction.
WHICH line will turn it? Hard to say, but ONE of them will.
75.368 - 75.494 is immediate resistance and possible end of a sub-wave.
75.970 - 76.068 would be end of a full wave and should retrace quite a bit.
76.8xx - 77.3xx has two zones that will most likely end the bounce for a while.
See some of my other Forex calls below.
I also plot Crypto and some Stocks, check my Profile Page.
NZD.USD bounce Call (massive profit, no drawdown)
AUD.USD trend Short (perfect short a year ago)
EUR.USD short call (still in play)
EUR.USD short Call (perfect top, huge profits)
EUR.USD trend Short (the very tip-top a year ago)
USD.CAD short call (perfect entry, huge profits)
DXY toping call (Upthrust warning just in time)
USD.JPY short to long (recent perfect entries)
XAU.USD top call (exact top pegged)
XAU.USD bounce call (perfect entry, huge profits)
Silver Bounce scalp (Perfect entry, still in play)
Copper Bounce call (Prefect entry, almost done)
Of course, I have had total FAILS on some plots also, not going to pretend.
But my plans offer PRECISE entries, TIGHT stops, and EXACT take profits.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.