Possible Ending Diagonal forming to the downside on EUR/USD could lead to prices moving lower but not too much, if the pattern plays out as expected, we may see a strong pullback. Let's wait and watch.
Note
Hypothesis 2 : Ending Diagonal for Green W.5 Circled : 4H : Impulse heading in the downward direction :
1H : Possible Ending Diagonal for Green W.5 Circled :
15m : Magnified view with the Impulse down for W.C Green is under progression :
Note
Hypothesis 1 : Suggesting Impulse down for Green W.5 Circled.4H :
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Unmatched 80% plus forecast accuracy for 6 years : 50eyes.com/forecast-accuracy/
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
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.