The euro has already met all Fibonacci requirements for minuette wave 1, but it appears that it has probably only just finished micro wave 3. We are probably in micro wave 4 now. Micro wave 5 could take the euro down to about the 1.0057 area before we begin minuette wave 2.
It is worth noting, however, that it is technically possible to count 5 micro waves down, in which case it is possible, though less probable, that we could already be starting minuette wave 2.
It is worth noting, however, that it is technically possible to count 5 micro waves down, in which case it is possible, though less probable, that we could already be starting minuette wave 2.
Note
I have updated this idea here:
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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.