InsideMarket

EURUSD - Potential Reversal @ $1.076

FX:EURUSD   Euro Fx/U.S. Dollar
A great area of consolidation between $1.07 & $1.14.

Yes looks like a possible ABC bit the lower degree count is not how i will put it .
+3 Reply
FutureMeDead anilmangal
Agree 100% with this statement. The impulse has overlap and wave 1 is in three waves.
+1 Reply
anilmangal PRO FutureMeDead
not sure what you meant by 1 in 3 since 1 will always be in 3 (that is where 3 starts)
+1 Reply
FutureMeDead anilmangal
Look at the substructure of wave 1 of C in this chart, it is a "three". Which is makes this labeling incorrect.
+2 Reply
anilmangal PRO FutureMeDead
oh ok ,I see what you meant. I thought you said wave 3 over lap in wave 1.
+1 Reply
InsideMarket anilmangal
About the lower degree: you would not count this way because of the gap or it just not how we should count based on the Elliott literature?
Reply
Agree with your analysis. I have the low @ 1.09152, plus it has formed a bullish crown reversal.
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