EURUSD likely to stall at 1.1673/1.1715

FX:EURUSD   Euro / U.S. Dollar
611 10 16
Hello everybody!
Looks like three important levels cross in one area.
1) c of Y = 2.618 of a of Y (purple)
2) 38.2% retracement of wave 3 down at 1.1689 (red)
3) upside of the channel
So there would look to sell but with inner wave roadmap check. (lower TFs)

Best of luck!

It could be a nice looking bearish flag ))) but seems we gonna have expanding triangle instead
Good post, thanks!
I agree with the channel part! However I do see some upside possible towards the 38.2 fib level of the move down which started early May last year (somewhat higher than where your wave 2 ends):

KVE, thanks for sharing! Yes if it's only wave 3 of Y then we can reach higher indeed!
Level reached but lets wait how the day will close. Sell on correction which shouldn't pass over the maximum
I think the euro and yen reversed. WXY is not in the neowave literature (which I'm studying). I see how traditional Elliott Wave analysts will see this as an Y, but I don't think that's the case.
See my published charts, I'm having trouble with tradingview crashing.
aibek IvanLabrie
Hi Ivan, thanks for sharing, just read your post, interesting, lets see how it will go. Cheers man!
+1 Reply
Closer look at the details for everybody interested ;)

aibek Sokow
thank you Maestro Do!
+1 Reply
Great stuff, looks like 3 is done.
Waiting to go long here.
Well done!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out