EURUSD: WEEKLY Chart

In this WEEKLY chart, it is clear that prices has been in a freefall for awhile. Only in recent months has that free fall been stalled. That stall in the decline is where prices are at the moment and has been for months now. Is it ready to resume the fall?

WAVE COUNT
Since July of 2008, prices in this pair has been declining in 5 waves after a completed Wave Cycle ending in that high point which I labeled as a completed wave (C). The big decline that has been happening since May, 2014 I had labeled as a wave 3 of the larger wave III of that 5 wave decline. So right now, since March of this year, prices have been in a wave IV consolidating retrace. Is that wave IV done? For now, the way I see it is that the wave 4 is not done and still has a wave (C) up to come. This can all be proven wrong if prices were to drop below the lows where I have the wave III ending. Although even then, there is another scenario where wave IV is STILL not done.

PATTERNS
There are 2 POTENTIAL patterns defining this down trend:. Both of them are crab patterns. For now, under the current projection, I have the first crab (Crab #1) as marking the end of the wave V of wave (III) decline. And of course, the end of the wave (III) as well. Completion of that crab #1 should see a LARGE wave (IV) retrace commence. The second crab (Crab #2) should be marking the end of the much larger wave 3 of the 5 wave move down.