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here I see the last fifth wave on weekly degree. the wones that see the waves will understand. now the red line is when USA elections are and I am finding it as catalyst for the new downtrend, but it doesn't necessarily means. It might go some more higher even after the elections but all depends how it looks at the time, but for now just sharing my thoughts......

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afet that impulsive wave we are in small 15m or 30m correction. the form of the correction i don't know but this is the most probable.

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in bigger time frame I am convinced eurusd will go much higher, but for now seems that it is preparing itself, its consolidating before next big move. this is just a wild guess of how the consolidation will be going, it doesnt necessarily means it must make that shape or form its just a most common shape, so we need to observe it and see what form it will make,...

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on the bigger time frame it looks like a regular flat, and this looks like the end of it, if it finds the resistance here. under my seeing this is the most probable outcome.

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that what is showed there is ending part of the bigger running flat Correction. As it is now it doesnt look like complete wave, so thats why i added the most probable outcome. on the bigger time frame, it is gonna be a running flat because it is the 4th wave, and thats the ending of it, after which 5th wave is expected.

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complicated

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here is just another view for gold. that divergence may be cose its at turning point, so i expect to brake that near top and broke down for last structure which i expect to be 5 wave structure more that what is shown on this chart as 3 wave....

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recognizable corrective structure so on the last wave A=C is on 0.618 fib. retracement and some resistances are there.

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cheers!

sharing_is_caring Updated 

as everyone are universally shorting this pair i think this and following charts in comments should be considered just as precaution.... this looks as running flat correction by the school book. all tho they are hard to predict and very tricky. but here we have 3-5-5 and last structure is ending diagonal, cose (d) retraced .618 and touched and entered deeper in...

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and this is weekly structure and another reason to reconsider.

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now here it is on smaller time frame and that structure looks as leading diagonal and correction has started after it. now on the chart is my view as most probable correction cose im copying wave A, but very often it is more complicated that that, which means until it varies above that red support line 0.618 of the diagonal it will give a nice set up. now to be...

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it looks like ending diagonal and therefore it needs to reach 1729.xx before dropping again

sharing_is_caring Updated 

just my wild guess... tired of explaining what is what and why is that so, ill just leave it here...

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this over all looks as a motive and corrective pattern for upside, and now we r at the ending of the correction and this last triangle pattern worries me as it looks like ascending wedge more than ascending triangle, which means we might get some drops before we go up.

sharing_is_caring Updated 

and the more it looks that its gonna be contracted flat and it wont go that high for that gartley pattern all tho thats still not excluded cose until it it brakes that red line which is the gap lvl from two years ago and its strong support. with breaking that will confirm contracted and clear going down. for now it makes consolidation /flag/ right on it and looks...

sharing_is_caring Updated 

why im seeing this will explain in chart in comments below, but for now if i isolate these fractions they are making recognizable structure for a motive and corrective wave. for the last part -red C, iv added pitchfork for representing supports and resistances on the way up as it makes ending diagonal (with this ends the correction as wave 2) and from somewhere...

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if i take that those purple fractals represent one structure as wave A, than we are nearing the end of the wave B or some of the waves of who knows how long it will be, but whats important it looks as complete structure and we are nearing its end. now for the red diagonal as it was making lazy way down in C part, not surprisingly with that jump in wave D made...