Hello traders , EURUSD in daily timeframe ,This analysis is prepared in daily timeframe but has been published for better view in 2 days timeframe.
The wave count that we had in the weekly time of this symbol showed that wave c ended from wave 4 and this decline is related to wave 5.
Our counting wave is not normal at all and can be fielded at any time, and this wave is also part of wave 4 of the previous leading trend.
Anyway, we assume that we are in a leading trend, and from this trend, the main waves 1 and 2 are over, and the microwave, wave 3, is being formed.
From wave 3, waves 1 and 2 are probably over, and now we are inside wave 3 of wave 3.
The trend of this wave is in wave 4 and wave 4 probably does not have a specific structure or it can be said that in fact this wave 4 is the beginning of another phase.
In general, if the red circle is broken, we will hope to continue the downward trend, and if the channel is broken from the top, this wave count will be fielded.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
The wave count that we had in the weekly time of this symbol showed that wave c ended from wave 4 and this decline is related to wave 5.
Our counting wave is not normal at all and can be fielded at any time, and this wave is also part of wave 4 of the previous leading trend.
Anyway, we assume that we are in a leading trend, and from this trend, the main waves 1 and 2 are over, and the microwave, wave 3, is being formed.
From wave 3, waves 1 and 2 are probably over, and now we are inside wave 3 of wave 3.
The trend of this wave is in wave 4 and wave 4 probably does not have a specific structure or it can be said that in fact this wave 4 is the beginning of another phase.
In general, if the red circle is broken, we will hope to continue the downward trend, and if the channel is broken from the top, this wave count will be fielded.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️