EURUSD ANALYSIS UPDATE!
Updated
Greetings Traders! my colleagues.Well I've been following the EURUSD which clearly in the Month chart has made a pattern of 5 waves and is currently correcting that impulse.
Has descended in another pattern of 5 waves, which indicates that corrective wave A is in the making. I have clearly identified wave 3 of that downward impulse, however I have seen that many are considering that is making its fifth wave in a ending diagonal (which I do not rule out).
But, I also have a scenario in which my wave 4 is in the making for my perception.
Waves 4 are very complex.
So this is what i see : Made wave 3 (1.13291), went up and made wave (a); it must do wave (b) which has other 3 waves ABC. So that's how I see it. I spect it breaking the low and reach its level of 138.2 to conclude the monthly wave A.
Wish you all a HAPPY NEW YEAR. :)
Has descended in another pattern of 5 waves, which indicates that corrective wave A is in the making. I have clearly identified wave 3 of that downward impulse, however I have seen that many are considering that is making its fifth wave in a ending diagonal (which I do not rule out).
But, I also have a scenario in which my wave 4 is in the making for my perception.
Waves 4 are very complex.
So this is what i see : Made wave 3 (1.13291), went up and made wave (a); it must do wave (b) which has other 3 waves ABC. So that's how I see it. I spect it breaking the low and reach its level of 138.2 to conclude the monthly wave A.
Wish you all a HAPPY NEW YEAR. :)
Note
MONTHLY CHARTNote
WEEKLY CHARTNote
MY 4h CHARTNote
Let me show another confirmation of my Blue A wave.you can label it as an ABC but and ABC or zigzag has to be equal legs. Son 1-2-3-4-5 should be correct label. wave 5 shows divergence. :)
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