Price action suggests that we are looking at a smaller Wave B and may only see a double top.
Below in related ideas if you have a look at the degree of trend it appears we are only trading with Wave 4 of the initial move up.
After this completes that is when I expect Wave C to take the Euro lower back to the previous Wave iv at around 1.04821.
Support for this smaller Wave B is at 1.08378.
I wish I could post every 5 minutes but it's not possible.
Edit: The larger Head and Shoulders pattern might still be in play which means a possible triple top.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
Below in related ideas if you have a look at the degree of trend it appears we are only trading with Wave 4 of the initial move up.
After this completes that is when I expect Wave C to take the Euro lower back to the previous Wave iv at around 1.04821.
Support for this smaller Wave B is at 1.08378.
I wish I could post every 5 minutes but it's not possible.
Edit: The larger Head and Shoulders pattern might still be in play which means a possible triple top.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
