Short EURUSD. Downward Channel Confirmed Short

EUR/USDOANDA

Description

⋅ Dec 3, 2017 12:05 PM

Short EURUSD. Downward Channel Confirmed.

Comments

fxlc

⋅ Dec 3, 2017 12:30 PM

I do not see a good wave count because two major exceeds the floor of the one

WolfeHunting

⋅ Dec 3, 2017 12:34 PM

@fxlc, this is not based on Elliot waves. These are Wolfe patterns.

fxlc

⋅ Dec 3, 2017 12:42 PM

@tonytokyolondon,
Okay, I see the descent possible but I think it will be before 1.22

WolfeHunting

⋅ Dec 3, 2017 12:48 PM

@fxlc, Definite possibility. If it breaks any of the channels here it will become very clear what it wants to do.

fxlc

⋅ Dec 3, 2017 12:44 PM

@tonytokyolondon,
I do not know the rules of the wolf wave