Eurusd pair rate is setting up for sharp 3 months long journey to 1.19681 by February 17,2017 followed by 3 months decline to 1.09331 on May 18, 2017, with final top of this wave around July 28 2017 1.23202. Dates and levels on the chart are. 11.1.17 - 1.18497, 18.5.17 – 1.09331, 17.10.17 – 1.20227, 25.1.18 – 1.08354, 8.7.18 (1700) – 1.20871. Only problem with this scenario is 1/8speedline which price did not touch yet and sits at 1.02522 today and gap on weekly chart between years 2014 and 2015. I do not believe it is a midway gap and there fore should be closed with real midway gap being formed under recent consolidation – which doesn't look good for euro future. Any ideas about that or price action would be greatly appreciated. Thank you, forex iv
Ps. chart is not to scale.
Any idea how can I put future coordina tes on short line
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