Last Trade day, we were in a corrective Zig Zag
structure, looks very bearish
, but stochastics on multiple time charts support going down.
The whole corrective structure in itself respects the 76.4 retracement area, along with a double top reversal pattern on the top.
So while a lot of people were thinking reversal and bull, in reality were were within a correction structure.
For those who understand pattern cycles, after corrections are continuation.
Expecting to possibly see 1.83 and 1.82 levels into next week.