Wave 3 of 3 looks like its about to make a move up shortly.
Finally Wave 1 has shown itself, so now we need a Wave 2 down before we can jump on the Wave 3 thrust to new all time highs. Wave i of 1 of this impulsive move up happened quick due to the Elections therefore Wave iv was longer in duration. The coming wave 2 retracement should be deep. I am looking at the .618 - .782 area but the wave count should make this...
Wave 2 cannot go beyond the start of Wave 1 therefore this would mean a very tight stop from this point if this analysis is correct.
On other side of the coin I see the EURUSD completing a Wave 2 correction and creating an A-B base. With confirming price action which should take this pair above recent highs some further wave developments should create a very lucrative trading opportunity.
US Dollar is nearing the completion of the C Wave of Wave 2. Following this a Wave 3 down resume the US Dollar Collapse. It could happen around the .618 retracement alternatively at the 78% but probably unlikely.
A break of the trend line will confirm a third wave thrust for wave C. Target 1.26753 (.786 Retracement)
A-B Base building in progress. A Couple of more waves needed to confirm long term trade potential.
Some more patterns need to unfold to even think about trading this but it could be closer than you think. Wave C should be a killer.
I believe that the 2009 crash was a wave 1 of what should now become a bear market. The corrective nature of the rise since that time is in 3 waves with wave C being much weaker than wave A. We should now expect to see a wave 3 down for what one can assume is wave A of a larger correction.
Strong support found in the marked area. This is an important turning point for this pair.
Go long on this very good bullish reversal candlestick pattern with confirming price action at a support area. This is the turning point for EURCHF. Get ready for a big move up. Stop goes underneath the doji candlestick OR the brexit low.
Potential support around 0.74374 area. If it holds go long with target at 0.84560 .
Major rally about to begin. Wave 3 thrust. Give it time to develop. Stop at 8,543. Target 1.272 fibo above last peak minimum possibly 1.618 if you dare.
Some correction needed before some more impulsive action. Just an idea. Let's see how the nuggets pan out.
Yes that's another C wave, very common these days.
What else could it be?
This appears to be a Wave C of Wave 4 with a target of around the 81c mark before some more downside movement. The inverse of this appears to be a Wave C in the US Dollar Index (DXY). Brexit appears to mean not much in the grand scheme of things just another news event. This is my first idea published, lets see what happens.