General overview for 26/09/2016:
There is a chance that the main impulsive count is being now is progress, nevertheless the amount of the structure called 1-2, 1-2, 1-2 i a little too many for my taste, but hey, what the hell do I know anyway?
This is the reason why I have included the alternative count that is based on a big triangle structure.
Support/Resistance:
1.1430 – Blue Impulsive Count Invalidation
1.1365 – Green Impulsive Count Invalidation
1.1342 – WR2
1.1294 – WR1
1.1207 – Weekly Pivot
1.1160 – WS1
1.1122 – Technical Support
Trading recommendations:
The bigger and smaller time frame outlook still points to the downside and bearish trend resumption is expected sooner or later*.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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