EURUSD: 9.20am

So, I have had to have the patience of a saint I reckon, although watching my new puppy Gracie (curly coated retriever) get bigger by the minute, has kept me sort of sane. To recap, I did not want to get involved in shorting the latter parts of the ending diagonal because my bigger picture analysis is that this is the ending pattern of a C wave in a corrective pattern off 1.3171. As such, the thrust out of this mire should take the breath away in comparison to trying to catch shorts for a profit. So, I wait for that break out. The daily chart attached here shows the green regression channel of this whole move down from 1.3171. I have assumed the 'A-B of C' count and posted the 61.8% to 162% extensions of the A wave. As discussed last week, I think the D8/D9 confluence is a key decision point and hope for a 'A' leg to there to begin with. This coincides with the yearly displaced cycle that I posted in the weekend report.