EURUSD - Forex Majors | Elliott Wave Patterns | November 2019
Updated
EUR/USD - Elliott Wave Technical Analysis
Structure & Degree: Minor ABC (blue) sequence, inside an Intermediate Degree (Y) (purple) wave
- Minor A (purple): Leading Diagonal within a 5-swings sequence
- Minor B (purple): Complex Double Three in Minutes wxy (purple)
Double Three Structure:
- Simple Flat in Minute w (purple)
- 3-swings Sequence Minute x (purple)
- Extended 3-wave swing in Minute y (purple)
Current Position & Pattern:
- Ending Diagonal in Minuette (c) (orange), final wave of Minute y (purple)
Expected Swing:
- Minor C (blue), Bullish Impulse
Technicals & Confirmations:
- 61.8 or 78.6% Fibonacci Retracements of Minor A (blue)
- 161.8% or 200% Fibonacci Extensions of Minutes w & x (purple)
- Bullish Divergence at Support
- Bullish Harmonic Structure
Structure & Degree: Minor ABC (blue) sequence, inside an Intermediate Degree (Y) (purple) wave
- Minor A (purple): Leading Diagonal within a 5-swings sequence
- Minor B (purple): Complex Double Three in Minutes wxy (purple)
Double Three Structure:
- Simple Flat in Minute w (purple)
- 3-swings Sequence Minute x (purple)
- Extended 3-wave swing in Minute y (purple)
Current Position & Pattern:
- Ending Diagonal in Minuette (c) (orange), final wave of Minute y (purple)
Expected Swing:
- Minor C (blue), Bullish Impulse
Technicals & Confirmations:
- 61.8 or 78.6% Fibonacci Retracements of Minor A (blue)
- 161.8% or 200% Fibonacci Extensions of Minutes w & x (purple)
- Bullish Divergence at Support
- Bullish Harmonic Structure
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