Replies to post #91318 on Simple's Green Room

[estimator]

Its been having a hard time holding any kind of move up.

[pennies2007]

Agreed Git. This initial move down from the highs is looking very much like an initial 5 wave impulse series. If that's the case, 1.0650 or so would be a valid fifth wave bottom. Then a rally back towards the 1.0750 level and then a much larger drop.

I'll be shorting any significant rallies from here on out.