EURUSD 1H EW
Updated
THIS IS NOT A TRADING ADVICE!!!
INFORMATION HERE WILL BE USED FOR A FUTURE AI
Main direction is down following blue 12345 impulsive wave. We are at 3rd wave of blue and also at 3rd inner wave of green.
4th point may extend up to 1.14.
5th point is marked around 1.105 however it should be noted for a truncated end which may shorten leg V blue.
3rd wave of green line is expected to extend a little more before performing the correction.
INFORMATION HERE WILL BE USED FOR A FUTURE AI
Main direction is down following blue 12345 impulsive wave. We are at 3rd wave of blue and also at 3rd inner wave of green.
4th point may extend up to 1.14.
5th point is marked around 1.105 however it should be noted for a truncated end which may shorten leg V blue.
3rd wave of green line is expected to extend a little more before performing the correction.
Note
Still heading to main wave (blue) of number III, expect to retrace toward (4) green and move towards (5) green = III blue.
Note
nice sign of retracement
Note
abc correction active, after point a, moving towards point b. expect to see a divergence at point c.
Note
updated c area based on current b location. possible targets between 0.618 to 1.123
Note
purple abc ( 3 to 4 for green upper wave) was expected to be a ZIGZAG. however due to the new formation of point b, I expect to face a FLAT. now the question is whether it is a regular / expanding / running flat. possible return zone for b is marked, also point 4 zone (point c of abc) is narrowed due to flat b wave.
Note
Note
Point (4) green reached and headed towards point (5) green - blue (III).
Green (5) wave is an impulsive wave. Light blue (i ii iii iv v) marked as impulse. Wave (i) and (iii) light blue are also impulsive. Wave (iii) impulses are marked as green (12345). Target ranges for green (3) and light blue (iii) are marked. Final target areas will be updated after light blue (iii) is confirmed.
Note
Wave green (3) has finished before reaching 1.618 fib target but very close. Also we can accept that point (4) green is confirmed. Green (5) may be expected to be more longer than first target.
Main target area not changed.
Note
After FOMC Mester's speech usd formations changed. Green 12345 is invalidated at red line. Blue (i ii iii iv v) will be invalidated at purple line. We will see how it will form. 
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