EURUSD - Ending Diagonal pattern
EURUSD - Ending Diagonal pattern and the probability of completing the uptrend in wave B.
In 240-minute chart at 5th wave from C point, it is likely that the price is forming a Diagonal Pattern, which by ending of that, a large downtrend will be started. According to the current wave count, only 3 waves of this pattern have been completed and this is the only existed scenario.
In continuation, you can see the daily and weekly analysis as follows:
In 240-minute chart at 5th wave from C point, it is likely that the price is forming a Diagonal Pattern, which by ending of that, a large downtrend will be started. According to the current wave count, only 3 waves of this pattern have been completed and this is the only existed scenario.
In continuation, you can see the daily and weekly analysis as follows:
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.