Elliot wave idea for EURCHF
Hello world,
theory:
wave 4 pullback to outer channel.
We have:
- lots of price action indicating a high
- smaller candles at level indicating momentum loss
- oversold RSI
- Impulse wave pattern (longest wave - until now - 3)
- slow wave 2
- wave 2 didn't come below wave 1
- wave 2 at a perfect 51 % retracement
What I am waiting for:
- trying to catch wave 4
- at channel tipp trying to catch wave 5
Happy for any feedback.
All the best,
c4ss10p314
theory:
wave 4 pullback to outer channel.
We have:
- lots of price action indicating a high
- smaller candles at level indicating momentum loss
- oversold RSI
- Impulse wave pattern (longest wave - until now - 3)
- slow wave 2
- wave 2 didn't come below wave 1
- wave 2 at a perfect 51 % retracement
What I am waiting for:
- trying to catch wave 4
- at channel tipp trying to catch wave 5
Happy for any feedback.
All the best,
c4ss10p314
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.