This is my Elliott wave idea about EURUSD on the 1day chart.
Probably wave C is diagonal (Black).
Sub waves “1 and 3 (Blue)” of the wave C are also diagonal.
The “wave 3” is an impulse in many cases.
Wave 3 becomes diagonal with low probability.
Soon wave C will be completed.
This time, I will show you a sub-scenario.
I think that the probability of sub scenario is high.
Sub Scenario
Probably wave C is diagonal (Black).
Sub waves “1 and 3 (Blue)” of the wave C are also diagonal.
The “wave 3” is an impulse in many cases.
Wave 3 becomes diagonal with low probability.
Soon wave C will be completed.
This time, I will show you a sub-scenario.
I think that the probability of sub scenario is high.
Sub Scenario
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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.