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Robotrend

ES declared himselfFollowing our previous post, it looks like "later" was the answer. (b) wave was short, even shorter on cash index, but second waves are usually sharp and shallow, so it hadn't time to develop a "textbook style" b. We approched the most likely stopping area, between 50% and 61,8% retracement. Our feelings is that it will try to reach 61,8%, surpassing the previous significant high at 2725, clearing stops there. So we wait a little bit do declare short entry, but we are getting close. Wave 3 or C down should revive last week's fear
CME_MINI:ESH2018Short
by RoboTrend
EURUSD - ShortLast movement looks like an expanded flat: the move from 1.1833 to 1.167 is made by a sequence of three waves impulse - correction - impulse. Having surpassed the previous low, the best way to look at this three wave sequence is as a B wave of an expanded flat. So we are at the end of wave C of this flat: trend should rapidly change and bring the cross under the 1.1670 low. It is still unclear where this expanded flat is in the bigger picture; but it looks likely it is a wave 4. So short with an ideal stop at 1.1865 (maybe higher if the bigger picture is a B wave and not w4), target below 1.1670.
Short
by RoboTrend
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