Hello friends (especially Mr. Mehdi)
I left this analysis for Mr. Mehdi.
Given our prediction that the price growth in the EURUSD currency pair was expected, this analysis went completely according to our expectations, of course I hope you have benefited from this analysis.
Now, considering the formation of a 5-wave pattern in wave 1 of 3 or C and waves 2 and 3 of the main wave 3 or C,
We will expect the formation of a corrective wave in the main wave 4.
Given the price reaching 1.618 wave 1 and forming a shadow, we will most likely enter a correction.
Given the strength of its wave 3, this correction can be partial or deep.
But considering the support levels, the minimum correction will be the 1.07500 range, if this level is lost and decreases, the next range will be 1.0600 and then, less likely, the 1.0500 range.
Be successful and profitable.
I left this analysis for Mr. Mehdi.
Given our prediction that the price growth in the EURUSD currency pair was expected, this analysis went completely according to our expectations, of course I hope you have benefited from this analysis.
Now, considering the formation of a 5-wave pattern in wave 1 of 3 or C and waves 2 and 3 of the main wave 3 or C,
We will expect the formation of a corrective wave in the main wave 4.
Given the price reaching 1.618 wave 1 and forming a shadow, we will most likely enter a correction.
Given the strength of its wave 3, this correction can be partial or deep.
But considering the support levels, the minimum correction will be the 1.07500 range, if this level is lost and decreases, the next range will be 1.0600 and then, less likely, the 1.0500 range.
Be successful and profitable.
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.
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.