The Elliott Wave model we have been following is that EURUSD is incomplete to the upside. In our September 4 report, we forecasted a "shallow correction back to the 1.16 handle."
Now that prices have reached that level, it confirms the fourth wave is progressing as anticipated. We still are not sure of the shape, depth, and structure as we have 2 options listed above...1) a triangle, and 2) flat pattern.
Under both scenarios, prices retest the highs and may work itself higher towards 1.22. A triangle will take longer to do so.
Now that prices have reached that level, it confirms the fourth wave is progressing as anticipated. We still are not sure of the shape, depth, and structure as we have 2 options listed above...1) a triangle, and 2) flat pattern.
Under both scenarios, prices retest the highs and may work itself higher towards 1.22. A triangle will take longer to do so.
Test your Elliott Wave readiness.
Free assessment + bonus training videos customized to your score:
qwiz.seethewaves.com/ewreadiness/p/tv1
Free assessment + bonus training videos customized to your score:
qwiz.seethewaves.com/ewreadiness/p/tv1
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.
Test your Elliott Wave readiness.
Free assessment + bonus training videos customized to your score:
qwiz.seethewaves.com/ewreadiness/p/tv1
Free assessment + bonus training videos customized to your score:
qwiz.seethewaves.com/ewreadiness/p/tv1
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.