09/07/18 EURUSD Weekly chart
There is uncertainty on the wave counts.
1. We could have completed the 5 wave down and started the b wave up
2. There is a longer correction for Wave 4 that is going on and Wave 5 will start soon
3. Price need to break 55 moving average (yellow) to continue the uptrend
4. Price needs to break wave 4 resistance at 1.1850 to indicate wave b is on-going
5. MacD heading up
6. RSI is showing a uptrend
1. We could have completed the 5 wave down and started the b wave up
2. There is a longer correction for Wave 4 that is going on and Wave 5 will start soon
3. Price need to break 55 moving average (yellow) to continue the uptrend
4. Price needs to break wave 4 resistance at 1.1850 to indicate wave b is on-going
5. MacD heading up
6. RSI is showing a uptrend
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