This is my Elliott wave idea about EURUSD on the 1 Day chart.
I adjusted the wave counts of my idea published on Jun 2.
This time, I adjusted wave B shown by the black line.
Perhaps wave B is a running flat.
I think that Wave B completed and Wave C started.
Now, I think that we are in sub-wave 2 (Red) of wave C shown in the Blackline.
If the assumption is correct,
Wave C will grow to the levels of 1.06.
In this scenario, stop loss level is 1.1413.
Weekly chart
1 Day chart (WaveB)
I adjusted the wave counts of my idea published on Jun 2.
This time, I adjusted wave B shown by the black line.
Perhaps wave B is a running flat.
I think that Wave B completed and Wave C started.
Now, I think that we are in sub-wave 2 (Red) of wave C shown in the Blackline.
If the assumption is correct,
Wave C will grow to the levels of 1.06.
In this scenario, stop loss level is 1.1413.
Weekly chart
1 Day chart (WaveB)
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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.