The euro formed nice bullish ABCD but the context indicates that wave 3 down is more probable. So the fibo groupings would be useful in daytrading rather than as PTAs on daily timeframe.

Yaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaay! MarcinO gets the ice-breaker award of the year! Nice posts. Now let's get this forum back to the monster that it once was.

All three zones within the top grouping on a daily timeframe.
If it reacts in the lowest area a bat is confirmed. But it's a short term or scalping perspective only.

Thanks for the reward Jim

Originally posted by jimkane

Yaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaay! MarcinO gets the ice-breaker award of the year! Nice posts. Now let's get this forum back to the monster that it once was.

Will TD ABCD drive it to the next Fibo groupings (1.2920 and 1.2930) ?

Looks like the downward Gartley prevailed.

The euro bounced off the top daily timeframe area, but I will be looking for the reaction at this flat ABCD.

Let's give it one last try

Nice posts, Marcin.

Thanks Jim.

Originally posted by jimkane

Nice posts, Marcin.