Expecting still more downside movement for tomorrow market as well.
EU have a bit werid setup actually, the weird part with it is that W3 does not have higher Macd than W5 which might be related for the fact that my waves are incorrect, in the case of cource W3 would be what we just achived ie. it would be running with wave 4 now.
However, as it comes this is where low risk-reward and higher profit factor stands with ew ie. top located contracting triangle because it can allways be end of W2. I am short with it, if waves are incorrect, then it is W4 which running as ABC on there.
All others actually fits for it by wave point of view, the only weird thing is that W3 is not higher with Macd, which would be related for the fact that this entire picture of entire upmovement eur-usd has took is corrective ABC setup for impulse wave and with corrective letters as final part of C in it, it might be against of larger degree. Something I haven´t observe before but perhaps in that case, we do not have that divergence available.
