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francescoforex
May 14, 2021 7:36 AM

EURUSD - Elliott wave – monitoring wave (ii) evolution  Long

Euro Fx/U.S. DollarFXCM

Description

prevailing scenario

wave (ii) maybe over in abc subminuette correction
monitor prices evolution in an impulsive mode

ALT: continuation of wave (ii) either in a simple or complex correction

critical price area

previus daily close 1.2077

PP/FIB 1.2080 PP / 1.2131-1.2153 (fib 0.618 – 0,786)

static S/R 1.2106 key – 1.2153 critical

volatility D 1.2058-1.2156
Comments
DeGRAM
Great analysis. Totally agree.
francescoforex
@DeGRAM, thank you for your attention I try to do my best
Lingrid
Nice chart.
francescoforex
@Lingrid, thank you for your attention I try to do my best
RSMUNYAI
A bearish cycle is no complete, so look for a short
francescoforex
@RSMUNYAI, thank you, I would like to know your idea
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