Updated

EURUSD : Fourth Leg Beginning (?)

There is a remarkable analogy in the three uptrend legs retracement and a positive divergence in the DPO index that makes the pair interesting.

Note

Note

Short, after breakout confirmation with a tight SL

Trade active

Note

Wave 4 ended. Wave 5 unfolding and the bullish candel is a sign to take long position

Trade active

Note

It appears that the corrective wave 2 has been completed. We will see....

Note

It seems bulls are in charge again, at least for a short time

Note

Trade closed: target reached

Note

This scenario is very likely......

Note

Negative Divergence

Note

Possible opportunity for long position in 1.0800 area

Note

The party of Diagonals Triangles

Note

As we expecting to unfold and ending of wave C) of 2 and with condition our count to be accurate, we'll attempt to calculate the wave v) of C) of 2, wich will be the end of the flat correction A)B)C).
When we have diagonal triangle in wave 1 in impulse of 12345, this wave is the bigest among them. So the wave 5 will probably be equal or smaller of wave 3, because in Elliot wave Theory, wave 3 must not be the smallest among them.
So, the last one, wave v) of C) of 2 will approximatelly reach wave b), wich is more likely or will reach wave A.
This scenario will end the bears dancing and bulls will be in charge again, unless the invalidation broken up.

Note

Waiting for the bulls....

Note

Ok, bulls are back

Note

update

Note

If the count is accurate, bulls will be late...

Note

astairwaytoprofit

Also on:

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.

astairwaytoprofit

Also on: