Will see on Tuesday perhaps...to complete the last triangle Y of W-X-Y formation. Still, it is a good position to entry short at current level. Targeting for (5).
From months of price movement...and multiple wave counts analysis. Seems like our kangaroo...keeping its last kick. If it does, this one is gone hurt the greenback....badly. This week price drops from peak of 0.7282, a bit random and scrambled as compound of corrective waves which can be described as (W)-(X)-(unfinished Y) blue. As most news headlines this...
It seems our Big Bear has not given up... This will be Travel Warning for the Euro Bull's Yesterday sudden drop kind surprised us. On bigger time frame 4H, it is noticeable 3 down bars which represent 5 waves down . We may conclude this wedge formation completed as 3 - 3 - 3 ending diagonal wave (thanks to a fellow www.tradingview.com for sharing the tripple...
Much sooner than we expected. The Ending Diagonal has take its shape. This morning Asia session could be the end of wave (iv) and progressing down to wave (v) as the final of Big 3. A possible fail (v) or double bottom will become the last picture of Bear domination in this pair...for the last few weeks. Big Wave 4 will be the battlefield of EUR Bulls & Dollar...
Monday eurusd moving sideways... in a slam dunk game. which is in 3 - 3 - 5 flat wave...and seems this morning could the the last slam dunk of the day and moving lower again. I remove the w - x - y formation....but keep in mind those yesterday question should be keep in watch. 1.0577 ~ 1.0560 could be the next pit stop on the way down, with another slam dunk game...
Yesterday chart kind an awful.....invalid line broken....there is only one conclusion -> Incorrect Elliott Wave Mapping...yes indeed. But I still have my position floating. Why ?...this is why I am using this analysis...which kept me survive Bro! I still have the convident...it will move down. especially after last night peak (1.0762) and this morning is still...
Out of yesterday expectation....(expecting Zig-Zag) Anyway market been Flat on wave (2) of 5.... A Good Day to Short at higher level ...then Expecting formation of : (W)-(X)-(Y) Alternate : (A)-(B)-(C) Looking for divergence to occur on RSI...(peak to peak)