EURUSD. Map has changed. Possible W-X-Y.
Hi there,
The previous model was broken when the price breached the downtrend.
The price moved beyond the start of the wave W and it could hit higher level to reach 1.272 of wave W at the 1.1977 mark.
After that we could see a strong downside move. It is possible to see a double zigzag as it was highlighted on the chart.
Would it be an Expanded Flat or a Running Flat it is uncertain yet.
That is why I added 3 possible target levels to the chart (dashed horizontal lines) contoured with white rectangle.
The previous model was broken when the price breached the downtrend.
The price moved beyond the start of the wave W and it could hit higher level to reach 1.272 of wave W at the 1.1977 mark.
After that we could see a strong downside move. It is possible to see a double zigzag as it was highlighted on the chart.
Would it be an Expanded Flat or a Running Flat it is uncertain yet.
That is why I added 3 possible target levels to the chart (dashed horizontal lines) contoured with white rectangle.
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