Based on Elliott Wave Analysis,
5-wave structure has ended.
Building the case for Wave A ...
- Wave 3 seems to have ended.
- Wave 3 is extended, Wave 4 likely retracement to more than 0.5 fib.
Possibly EP betwwem 0.382 - 0.5 fib.
Based on Elliott Wave analysis,
Wave 4 retracement has ended. Wave 5 begins.
Wave 1 and Wave 3 are not extended, hence, the probability of Wave 5 being extended is high.
Good EP to ride a deep short to 100% mark.
Based on Elliott Wave Analysis, it just ended Wave 3 and forming a retracement Wave 4.
Retracement Level: .236, .382 or .5
Monitoring this for better Wave 5 entry.
Based on Elliott Wave Analysis, it is completing its B-wave cycle (A-B-C) in a Zig-Zag corrective wave structure. Anticipating to short for Wave C of a higher degree.
Potential EP @ 0.90158
Potenital TO @ 0.85
Based on Elliott Wave Analysis,
Monthly Timeframe:
Ending Wave C in Wave 4 (est. -650pips).
Wave is a a flat correction. Hence, Wave C would have a 5-wave correction.
Daily Timeframe:
Completed an internal 5 wave structure of wave 1 and completing its flat correction (wave 2), to start the long wave 3.
Short-term long to 0.90
Short-term short to 0.86466...
Based on Elliott Wave analysis, it is completing wave B of Wave 2 in final Wave C.
Short-term Bias
Short
First Milestone: 0.87500
Long
Second Milestone: 0.9000
Long-term Bias
Short
Third Milestone: 0.85287
Based on Elliott Wave analysis, a new point of reference is formed.
Wave 1 is forming. Sub wave 4 is retracing and will bounce back.
Short-term Bias: Short
Long-term Bias: Long
Short
Milestone 1: 1.27395
Milestone 2: 1.26845
Long
Milestone 3: 1.29709
Milestone 4: 1.33
