EURUSD - Forex Majors | Elliott Wave Patterns | November 2019
EUR/USD - Elliott Wave Technical Analysis
Structure & Degree: Minor ABC (blue) sequence, inside an Intermediate Degree (Y) (purple) wave
- Minor A (purple): Leading Diagonal within a 5-swings sequence
- Minor B (purple): Complex Double Three in Minutes wxy (purple)
Double Three Structure:
- Simple Flat in Minute w (purple)
- 3-swings Sequence Minute x (purple)
- Extended 3-wave swing in Minute y (purple)
Current Position & Pattern:
- Ending Diagonal in Minuette (c) (orange), final wave of Minute y (purple)
Expected Swing:
- Minor C (blue), Bullish Impulse
Technicals & Confirmations:
- 61.8 or 78.6% Fibonacci Retracements of Minor A (blue)
- 161.8% or 200% Fibonacci Extensions of Minutes w & x (purple)
- Bullish Divergence at Support
- Bullish Harmonic Structure
Structure & Degree: Minor ABC (blue) sequence, inside an Intermediate Degree (Y) (purple) wave
- Minor A (purple): Leading Diagonal within a 5-swings sequence
- Minor B (purple): Complex Double Three in Minutes wxy (purple)
Double Three Structure:
- Simple Flat in Minute w (purple)
- 3-swings Sequence Minute x (purple)
- Extended 3-wave swing in Minute y (purple)
Current Position & Pattern:
- Ending Diagonal in Minuette (c) (orange), final wave of Minute y (purple)
Expected Swing:
- Minor C (blue), Bullish Impulse
Technicals & Confirmations:
- 61.8 or 78.6% Fibonacci Retracements of Minor A (blue)
- 161.8% or 200% Fibonacci Extensions of Minutes w & x (purple)
- Bullish Divergence at Support
- Bullish Harmonic Structure
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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.