Hello friends
In the EUR USD currency pair, we see the formation of a clear 5-wave pattern.
Waves 1, 2, 3, 4, and 5 are clearly formed.
We see a divergence between microwaves 3 and 5 of the main wave 5.
Usually, the presence of divergence is one of the indicators of wave 5.
We expected a correction, which has been realized, and this correction is usually in the form of ABC.
A downward movement has formed, which is the completion of wave A.
A correction in the form of a triangle, which is the wave B of this correction, has also been formed.
Triangles are always formed in wave 4 or b of an ABC correction, which is a confirmation of our analysis.
Now we expect the formation of wave C, which is at least 100% of wave A.
The condition for confirming this move is breaking the bottom of the triangle and pullback to it.
Be successful and profitable.
In the EUR USD currency pair, we see the formation of a clear 5-wave pattern.
Waves 1, 2, 3, 4, and 5 are clearly formed.
We see a divergence between microwaves 3 and 5 of the main wave 5.
Usually, the presence of divergence is one of the indicators of wave 5.
We expected a correction, which has been realized, and this correction is usually in the form of ABC.
A downward movement has formed, which is the completion of wave A.
A correction in the form of a triangle, which is the wave B of this correction, has also been formed.
Triangles are always formed in wave 4 or b of an ABC correction, which is a confirmation of our analysis.
Now we expect the formation of wave C, which is at least 100% of wave A.
The condition for confirming this move is breaking the bottom of the triangle and pullback to it.
Be successful and profitable.