Hellena | EUR/USD (4H): Long to the 1.09168 (Wave "3").
Updated
Dear Colleagues, the price is rebounding and I believe that the wave "3" of the higher order has just started its upward movement. At the moment I expect a correction in the lower wave "2" (1.07741) and then the continuation of the upward movement to the target of the nearest maximum of 1.09168.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Note
Dear colleagues, it seems that the price has updated the minimum of the wave "2" of the higher order. I believe that the price will start an upward movement in the coming week. I will not make a new forecast, because the target remains the same 1.09168.
So I am only looking at long positions.
Note
Probably my theory is confirmed and the price has just formed the wave "2" of the higher order. I expect the upward movement to continue in the older wave "3".
Note
The upward movement continues. I expect a small correction in the small wave "2", then the continuation of the upward movement in the small and large waves "3". Note
Well. Colleagues, the price is showing us that the bears are gradually weakening and we may be seeing a double bottom. Either way, I expect the upward movement to resume.
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