$EURUSD Update | Wolfe Wave | Looking for Completion

FX:EURUSD   Euro / U.S. Dollar
Hello Traders,

This is an update from my last post(related links) . In the original post, there was a speculative point 4. At this point I think the rally for the Euro             has been exhausted against the Dollar.

USDOLLAR             Strengthening...For Now

USD created a bullish geometry with a high probability target at point 4 of the engulfing Wolfe Wave . As USD strengthens I'll except the EUR to decrease against it. This correlation helps support the search for point 5. The above chart is a short term view on the USD.

USDOLLAR             Long Term View

Looking at a weekly chart. I am expecting a large down move for the dollar. Since we hit 5"(double prime) I expect the dollar to complete the 'Geo' at Geo's Off-Set Rule #3 at point 3. This is a lofty target and probably an unpopular one, but I am sticking with the rules of Geo's Off-Set Rule which states the following:

Rule 1: If the 'Geo' completes at point 5 - Target is 1-4 line
Rule 2: If the 'Geo' completes at point 5 prime - Target is point 4
Rule 3: If the 'Geo' completes at point 5 double prime - Target is point 3

The long term downward move also coincides with the Wolfe represented in this chart.

I will also look for a completion of an ABCD pattern to coincide with point 5. A possible pattern, if completed, will cause us to look upward for this pair. If and when this Wolfe completes at point 5, there will be a big move to follow.

Comment: This chart was posted 6 months ago and finally there is a strong signal that the Wolfe Wave will complete at point 5. Consider the following high probability targets.

Comment: UPDATE: Follow the chart thread below for future updates regarding EURUSD.

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out