EURUSD AB=CD / WXY(ABC) Revised Price Targets
Updated
EURUSDI've revised previous EURUSD chart, linked to as related idea...
Revised Target Projections:
AB=CD Pattern 1.618 Extension =
$1.16507
ABC Wave of "Y" Extension = Yellow Dotted Fibs
100%: $1.1708
123.6%: $1.16701
138.2%: $1.16462
161.8%: $1.16077
WXY "Y" Wave Extension = Pale Blue Dotted Fibs
78.6%: $1.16978 (Target Hit Today Sep.22,2020)
100%: $1.16426
123.6%: $1.15817
138.2%: $1.15441
Note
Look for LOCAL "Higher Low"($1.1625); If hold, then possible retracement from ABCD(AD Retracement)14% $1.1680
23.6% = $1.17173
38.2% =$1.17735
50%= $1.18189
Much different than original estimates.
The ABCD Targets are now invalid according to the low reached today!($1.1625).
Should there be a 38.2% or 50% retracement, we are now looking at possible adjusted retracement levels:
14% $1.1680 (Level Hit!)
23.6% = $1.17173
38.2% =$1.17735
50%= $1.18189
The ABCD Pattern extends either 127% or 161.8%. The move down to $1.1625
is a 177.4% extension of AB:CD. Is this arbitrary? Please leave a comment if you will!
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