This is my Elliott wave idea about EURUSD on the 4 hours chart.
An overview of my Elliot wave analysis was shown on Mar 31th.
We are in “sub wave (3)” of “wave C” (Black).
I think that we are in “sub wave 2” (Blue) of “wave (3)” (Red).
Now, we are in “sub wave (C)” of “Wave 2” (Blue).
The sub waves of “wave (C)” completed “wave1” to “wave4”.
“Sub wave 5” is not finished yet
Probably there is a last wave.
Soon, “Wave 2(Blue)” will end and “Wave 3(Blue)” will start.
If the assumption is correct,
The “wave (3)” will grow to the levels of 1.090-1.080.
In this scenario, stop loss level is 1.145.
An overview of my Elliot wave analysis was shown on Mar 31th.
We are in “sub wave (3)” of “wave C” (Black).
I think that we are in “sub wave 2” (Blue) of “wave (3)” (Red).
Now, we are in “sub wave (C)” of “Wave 2” (Blue).
The sub waves of “wave (C)” completed “wave1” to “wave4”.
“Sub wave 5” is not finished yet
Probably there is a last wave.
Soon, “Wave 2(Blue)” will end and “Wave 3(Blue)” will start.
If the assumption is correct,
The “wave (3)” will grow to the levels of 1.090-1.080.
In this scenario, stop loss level is 1.145.
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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.