Cagliostro wrote: Wed Jul 15, 2026 4:18 am Well, it's going down as expected, creating liquidity with a pretty strong movement. That was the easy prediction
The hard part is, where will it stop and reverse?

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Yes my friend, a good question worth investigating the likely scenarios.
Let's take a look at Gann's percentages and work out future targets and turning points.
If we take 50% pullback of the last weekly leg up we should have our 1st target at 1.9078.
The next level is 62.5% at 1.9005 and then 2/3 or 66.6% at 1.8982.
I personally like 1.9005 because it is so close to a round number,
and we all know how big money likes those big round numbers
to enter and exit their positions.
If that doesn't happen then the next level to aim for is previous weekly swing low @ 1.8791
We've seen 35 day runs to the last weekly low and then 35 days to the new weekly high which was
some 30 pips below the last high of 1.9401 ( round number again ).
50% of 35 is 17.5 days, 62.5% is 22 days roughly.
If in 17 days we have one of those price targets reached , one would be wise
to look for a reversal.

This week is already a lower week and so far it has formed a reversal bar.
Likely lower prices next week but we need to see the end of this week.

Time will tell.