MahmoudAli
Short

EURUSD WAVE 4

FX:EURUSD   Euro / U.S. Dollar
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6
EURUSD WAVE 4 CORRECTION

Comments

Wave 2 wave a ZZ and deep retracement so unlikely wave 4 will go down that far from what I have counted. Likely this 3 wave move down is wave 2 of 5 so I'm expecting a massive EUR Long.

Good luck
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MahmoudAli donaldsaw
@donaldsaw, A possible scenario as well
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donaldsaw MahmoudAli
@MahmoudAli, I'd also read up more on EW on extensions as your wave 3's are very short within your count. Wave 3's and sub 3's tend to extend 1.618%, 2.618%, 3.618%, 423% and 686% - best practice to change extensions at all levels.
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MahmoudAli donaldsaw
@donaldsaw, 686% ? end wave 3 423%
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donaldsaw MahmoudAli
@MahmoudAli, I'm stating the possible fib extensions a wave 3 can hit; not specific to your count. Read up on how wave 3 works in the EW book.

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