Description
⋅ Hello world,
just a quick update regarding my idea on the EURUSD .
Theory:
currently in (correction) wave 4 and soon to engage in wave 5.
We have:
- 1 sharp correction, 1 flat correction (typical for impulse waves)
- longest wave 3 (until now)
- wave 2 not overcoming wave 1
- wave 2 meeting 61 fib mark
Used heikin ashi for easier visibility. Pattern was drawn on candles.
What I am waiting for:
- Breakout candles like big bullish engulfers
- switch in 1h trend to upside
Happy for feedback.
All the best,
c4ss10p314