MarketAnalytix

EURO trading in corrective A-B-C wave now

Kort
FX_IDC:EURUSD   Euro / USA-dollar
It looks like the A wave is creating a leading diagonal which will breakout to the upside to create wave B, from where we can expect the price to drop for wave C with target around 50% fib level.

Its usually recommended to skip corrective waves inside corrective phase, for example skipping wave B in A-B-C, so focusing on shoring the C wave should be the priority in my opinion.

Don't forget to follow my tradingview account for elliott wave updates on crypto, forex, commodities and stocks! I will try to update as frequently as possible, thank you.

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