Either an ABC extension to 1.161% or impulsive 1,2,3,4,5 waves it's hard to identify. Usually EURCHF doesn't contain much Elliot Wave principles therefore I don't trade it much. However, on 15 min time frame I can count 1,2,3,4,5 waves offering up the idea this is now impulsive from the 78% fibonacci. As it's reacted of 78% fibonacci and a deep retracement it tends to mean it will be travel further if it's impulsive.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.