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MohamedMagdy

Elliott Wave & Harmonics Outlook

Short
Euro / U.S. Dollar (FX:EURUSD)  
MohamedMagdy Updated   
FX:EURUSD   Euro / U.S. Dollar
Elliott Wave Harmonic Patterns wxy correctivestructure breakouttrading inverse_abcd
18
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elliottwaves harmonicpatterns wxy correctivestructure breakouttrading inverse_abcd
After a strong impulsive bearish wave 3 , A Flat WXY Side Way Wave 4 is formed which is 3,3,5 in its internal structure

Currently , The final impulsive bearish wave 5 is about to be triggered on the breakdown of the bullish green channel ,

Also , from Harmonic Pattern Point of view , there is an ideal Inverse AB=CD shown by the green a,b,c labels in circles
Comment:
On medium term , bearish wave 5 is in progress
Currently ,the bullish corrective wave 2 is forming , wait for the price to breakdown the support trend line of wave 2 then sell the bearish impulsive wave 3

snapshot
Trade closed: target reached
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