Greetings Traders! my colleagues.Well I've been following the EURUSD which clearly in the Month chart has made a pattern of 5 waves and is currently correcting that impulse.
Has descended in another pattern of 5 waves, which indicates that corrective wave A is in the making. I have clearly identified wave 3 of that downward impulse, however I have seen that many are considering that is making its fifth wave in a ending diagonal (which I do not rule out).
But, I also have a scenario in which my wave 4 is in the making for my perception.
Waves 4 are very complex.
So this is what i see : Made wave 3 (1.13291), went up and made wave (a); it must do wave (b) which has other 3 waves ABC. So that's how I see it. I spect it breaking the low and reach its level of 138.2 to conclude the monthly wave A.
Wish you all a HAPPY NEW YEAR. :)
Has descended in another pattern of 5 waves, which indicates that corrective wave A is in the making. I have clearly identified wave 3 of that downward impulse, however I have seen that many are considering that is making its fifth wave in a ending diagonal (which I do not rule out).
But, I also have a scenario in which my wave 4 is in the making for my perception.
Waves 4 are very complex.
So this is what i see : Made wave 3 (1.13291), went up and made wave (a); it must do wave (b) which has other 3 waves ABC. So that's how I see it. I spect it breaking the low and reach its level of 138.2 to conclude the monthly wave A.
Wish you all a HAPPY NEW YEAR. :)
Note
MONTHLY CHARTNote
WEEKLY CHARTNote
MY 4h CHARTNote
Let me show another confirmation of my Blue A wave.you can label it as an ABC but and ABC or zigzag has to be equal legs. Son 1-2-3-4-5 should be correct label. wave 5 shows divergence. :)
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Disclaimer
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.