Two scenarios can be considered for the pattern formed

EUR/USD daily chart NeoWave analyze:

Topic :
Analyze the possible path of the Euro price movement

the completion of a double diametric pattern is assumed.After that We are witnessing a downtrend movment .For now it is too early decide to take this double diametric pattern of an X-wave from a one-degree larger pattern.Because the double diametric pattern itself may also be an arm of a standard NeoWave pattern.
Now let's talk more about the recent downtrend after completing the double Diametric Pattern.

Two scenarios can be considered for the pattern formed:

1. The downtrend has begun at 1.12393 is considered an Expansion Triangle and then we will have the X-wave or the beginning of any (:3=Symbol of correction) patterns.
2. The downtrend has begun at 1.12393 is considered a symmetrical and then we will have the X-wave or the beginning of a patterns (:3).

Note:
There is possibility that the recent descending move will form a combination And price experience more decline or a side move.
Important:
If we have only one (X-wave) in each of the proposed scenarios then The next move will certainly be in line with the previous pattern (important).
If the next move is not an (X-wave) We can hopefully start a standard or non-standard NeoWave pattern with any length It will have the capability pushing price higher.
Note:
After completing the downtrend in both scenarios we expect a relatively good move in the opposite direction, so the buy position is in focus.