Mvemve

EURUSD WEEKL ELLIOTT WAVE ANALYSIS Chart Pattern Identification

FX_IDC:EURUSD   Euro / USA-dollar
The larger structure indicates that he last arm is not impulsive but Corrective. The possible wave development and termination are indicated. The waves indicated fail for reason: the 3 segments are uncannily equal in price and time taken to complete. On the other hand IF one were to count each of the segments as possible waves 1, 2 and 3and 4, tghen the last segment should be Wave 5 and a correction should be expected. However that is not the case. The expectation is for another up wave to proceed from 1.17711 to around 1.132714 and above. Which is quite curious under the circumstances.

Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.