DAILY ELLIOTT WAVE ANALYSIS 10-23-16 – EURUSD crosses invalidation point, BUT! wave pattern points to a big rally ahead.
HI all, welcome back to another trading week. Halloween is coming this week, but I don’t think the markets are going to scare anyone! Fridays trade brought with it a downside break of the lower invalidation line in EURUSD. This fact only delays the inevitable rally in my mind. The new low in this corrective triangle has now been labelled wave (D) red on the 4 hour chart.
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