EURUSD
The jury is still undecided whether this is an impulsive 5 wave down (green letters) or an ABC correction (black letters). 4 hour chart EURUSD:
The usual wave C target has already been hit. Now it will be interesting to see if price bounces or breaks at the wave 4
...EURUSD
Wave Y’s (magenta and brown) could indeed be completed and therefore the EURUSD retracement could become relatively deep (green Fib). However, price needs to fully break the uptrend channel (blue) before a down retracement is more likely.
There
...EURUSD
Wave Y’s (magenta and brown) could be complete and therefore the EURUSD retracement could become relatively deep (green Fib). However if pric,e breaks above resistance line (orange) and the current wave Y (magenta) top, then magenta Y will change to a wave W.
4 hou
...EURUSD
Wave Y’s (blue and brown) seem to be complete and therefore the EURUSD retracement could become relatively deep (green Fib). However if price breaks above the current wave Y (magenta) top, then it will change to a wave W.
The retracement down w
...EURUSD
Wave Y’s (blue and brown) seem to be complete and therefore the EURUSD retracement could become relatively deep (green Fib). However as long as price stays in the uptrend channel (blue) then price can continue in the trend, so I’m keeping an eye on the hourly char
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