YuzukiChan

When to go long on the fiber

FX:EURUSD   Euro / U.S. Dollar
498 4 8
When the owl is singing, of course! But when will the owl sing? When the five wave started at the b point is completed. Yes, but where? How about 1.09? (I would rather see the actual end point of the wave rather than just putting a limit buy at 1.09) I can only say that it's something above 1.08476.

The expected wave might be an X wave (I think this is unlikely) or the beginning of a new big impulse, both of which would require a five wave to the North.

Targets? Well, first, at b, then, at the end of 5, but the exact targets will become clear as the wave forms.

I wish everyone a lucky trade!

FOLLOW UP:

You may look the next idea for the developments, which is below.
Hi! Well done! I like it!
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It turns out that the last post was invalid. I will seek for long opportunities after this final leg completes.
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The above counting might be wrong. But if it's true, here's what the B of its fifth wave looks like:
snapshot

After the completion of the five legs, expect a downward push, after which we will put an end to the rule of the bears!
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Just a possible count (ending diagonal whose 4 is a triangle):
snapshot
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