This is my Elliott wave idea about EURUSD.
This time, I readjusted the wave counts of my idea published on 23rd Nov.
We are in sub-wave (1) (Red) of wave 3 (Black).
Sub-wave (1) looks like to have set up an impulse wave (1-2-3-4-5).
Now we are in sub-wave 2 (Blue) of wave (1) (Red).
Soon the wave 2 (Blue) will be completed and the wave 3 (Blue) will start.
If the assumption is correct,
The wave 3 (Blue) will grow to the levels of 1.123-1.133.
In this scenario, the stop loss level is 1.098
1Day chart
Weekly chart
This time, I readjusted the wave counts of my idea published on 23rd Nov.
We are in sub-wave (1) (Red) of wave 3 (Black).
Sub-wave (1) looks like to have set up an impulse wave (1-2-3-4-5).
Now we are in sub-wave 2 (Blue) of wave (1) (Red).
Soon the wave 2 (Blue) will be completed and the wave 3 (Blue) will start.
If the assumption is correct,
The wave 3 (Blue) will grow to the levels of 1.123-1.133.
In this scenario, the stop loss level is 1.098
1Day chart