For eurodollar set at 1,4220. Stop 1,4270.
Still lofty complex zigzag road ahead if these numbers will be reached and not necessary even this week case but who knows, price creates quickly new waves. However I am not able to breake todays zigzag wave and I don´t think it´s even ready in here – seems to missing a lot of complex construction. My HS pattern below propably does not mean anything for it because it should not be drawn that way as wide dublex. Only one of those HS is accurate and that´s the one reached most high prices with left and right shoulder.
In theory eurodollar should not be easy in here to pinpoint waves and that´s what it looks like now because it need to leave at least 2 options open. W4 bottom was placed at 1,3800 and another scenario that flat ABC ended at 1,3800. For bearish side it´s possible this was only A wave meaning another high B to come before the C down again. One leads to the triple zigzag as bullish options and another leads even to the 1,2500 as bearish option & or deeper ABC flat correction.
So pick up and choose or see them all. When eurodollar started uproad from 1,2900 it looked for real long as zigzag and it really took long before it started to give some approval it´s impulse wave. I would not be surprized if this is going to happen again based for todays action, but at least looking much larger ABC.
Besides most often this sharp HS will be bought very high before landing. Everything is possible with this pair, if there would be triple zigzag to come 1,3800 would be the bottom allready, but hunting this daily triangle down with extreme high retracements after each plunge.
In the case this is not flat ABC correction instead new downside impulse waves, next should come pretty beautifull pinpointing down to the 1,3600.
Vote set for bearish option, but need much higher price first.
