EURUSD The New Bullish Era has begun already
Updated
EURUSDHi guys
I wanna share with you my Elliotts waves caculation as it looks very interested and showing significant reversal now
In according with my calculation the chart had draw Elliott Triple Combo Wave. It was 13 months long (FIBO correction started 25 jan 2018 and fininshed 8 March, almost 13 months) and it was finished last week on Friday 8 March (FIBO) when the chart touched The Golden Ratio of the last Bullish cycle (22.12.2016 - 25.01.2018 13 months as well, Fibo everywhere). The Golden Ratio was touched at 1 time in this correction and such a strong reversal trend started after that, so I really believed that it 3 wave of up coming and US Dollar gonna fall down in next 13 months.
I exclude that it was Bearish cycles, cause it doesn't look as Impulse, only wave C of 1 zigzag, after that 6 months of "Dead Cat Bounce"
1 wave of new cycle formed itself whole this week and yes, it looks as an impulse :)
The Wave B of the last Zigzag in correction had broke out the correction trend line and it was tested 3 times after that and 3 times rejected
All waves in this correction in Harmony with Fibo between each other, especcilally the wave C of the last Zigzag it formed Diagonal Triangle and as I read in Robert Balan's book about FX Elliott Waves analyse that this type of a wave arise as a Wave C only in the ending of the bigger cycle, so this fact is one more confirmation that my idea is correct, I gonna write one more post, about this Triangle as there interested Fibo proportions between wave, exactly as Pretcher and Frost teached us :)
I apologize for my English, but ut isn't my mother tongue and I don't know it enough well to speak about trading as I can do it in Russian. I wrote the similar post in Russian Trading view, but nobody answers on it, so may I can discuss about it with someone in English world :)
1 wave of new cycle formed itself whole this week and yes, it looks as an impulse :)
I wish good profits for everyone
Trade active
does anyone have any doubt in my wave calculation now? bye bye US Dollar
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