Euro / U.S. DollarShort
EURUSD Bearish
1W
Price at leg 4 of Elliot Wave, with price testing Resistance zone, Price is at the .50 fib zone as well.
Expecting price to complete leg 5 of the Elliot wave
D1
Head and Shoulders detected with price re-testing the neck line.
H1
Potential AB=CD pattern detected with C leg right at the resistance zone. With a
divergence wherein price has formed lower lows while the RSI formed higher highs.
All indications point to the resumption of the downtrend
Price at leg 4 of Elliot Wave, with price testing Resistance zone, Price is at the .50 fib zone as well.
Expecting price to complete leg 5 of the Elliot wave
D1
Head and Shoulders detected with price re-testing the neck line.
H1
Potential AB=CD pattern detected with C leg right at the resistance zone. With a
divergence wherein price has formed lower lows while the RSI formed higher highs.
All indications point to the resumption of the downtrend
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.