EURUSD Elliott Wave Analysis
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In the EURUSD currency pair, we see many beautiful Elliott patterns.
By counting them, we arrive at two main zigzag or impulse patterns.
Waves 1 and 2 or A and B have been completed.
In both theories, wave C or 3 should be completed.
But only microwaves 1 to 4 have been completed. Therefore, we expect price growth in general.
But where will this growth start?
Microwave 4 is apparently formed in the form of zigzags and zigzags wave C is equal to 100 or 161.8% of wave A and wave 4 should not enter wave 1, with this knowledge we can expect a slight correction to the range of 1.100 or 1.050 And from there the price growth will start.
The wave we expect is wave 5 of 3 or C.
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In the EURUSD currency pair, we see many beautiful Elliott patterns.
By counting them, we arrive at two main zigzag or impulse patterns.
Waves 1 and 2 or A and B have been completed.
In both theories, wave C or 3 should be completed.
But only microwaves 1 to 4 have been completed. Therefore, we expect price growth in general.
But where will this growth start?
Microwave 4 is apparently formed in the form of zigzags and zigzags wave C is equal to 100 or 161.8% of wave A and wave 4 should not enter wave 1, with this knowledge we can expect a slight correction to the range of 1.100 or 1.050 And from there the price growth will start.
The wave we expect is wave 5 of 3 or C.
To support me, I recommend you install Trading View software on your phone and see my analysis and support me with your comments and Boost. Be successful and profitable.
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