Euro : 4H : Looks to be moving in a Triangle formation for W.x . We wait for the completion of the pattern to initiate shorts.
If we see a straight out move to the upside above the current W.C Cir. level then that would mean that the Triangle pattern has been Invalidated and a review would be required.
If we see a straight out move to the upside above the current W.C Cir. level then that would mean that the Triangle pattern has been Invalidated and a review would be required.
Note
Euro : 4H : Wave x Triangle looks to have been completed, suggesting more downside move from here on. Strategy : Wait for a move below the B-D trendline to enter shorts with SL above Wave E high.
Note
Euro : 4H : Hypo 1 : Red : Triangle complete, down move in progress confirmation below W.D Cir. low. Hypo 2 : Cyan : Price is in W.E of Triangle formation of W.x .
Strategy : Based on both the scenarios, shorts can be initiated on a move below the ST line, keeping SL above the W.E Cir. high.
Unmatched 80% plus forecast accuracy for 6 years : 50eyes.com/forecast-accuracy/
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
Related publications
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.
Unmatched 80% plus forecast accuracy for 6 years : 50eyes.com/forecast-accuracy/
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
Related publications
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.