Here is a Wave analysis on EU, key points and possible trading opportunities:
I've tried to keep it as clean and simple as possible.
We can see price has made an ABC Corrective Wave (ii), followed by the first 4 waves of the Impulsive Wave (iii).
Price has already began wave 5 to which is only on its sub-wave 1. Price should make sub-wave 2 and then continue the trend of wave 5.
Key points:
- Notice a hidden channel (possible channel) of wave 5
Possible Trading Opportunities:
- BUY the formation of sub-wave 2
- SELL the end of sub-wave 2 with objectives near the end of the 3rd impulsive wave.
Best of luck!
I've tried to keep it as clean and simple as possible.
We can see price has made an ABC Corrective Wave (ii), followed by the first 4 waves of the Impulsive Wave (iii).
Price has already began wave 5 to which is only on its sub-wave 1. Price should make sub-wave 2 and then continue the trend of wave 5.
Key points:
- Notice a hidden channel (possible channel) of wave 5
Possible Trading Opportunities:
- BUY the formation of sub-wave 2
- SELL the end of sub-wave 2 with objectives near the end of the 3rd impulsive wave.
Best of luck!