IgnatBorisenko
Short

EURUSD - possible wedge in wave [i]

FX:EURUSD   Euro Fx/U.S. Dollar
The main critical level is wave's (ii) high. If it breaks, then waves (i)-(ii)-( iii             ) turn out to be a zigzag, so there'll be an opportunity to have a new high. I've got my breakeven stops, but I'm going to sell again to trade wave (v). Also, there's another wave count, which means we have just two first waves, so there's a chance to have an extension in wave ( iii             ).
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WaveAlchemy
2 months ago
Nice count. But to be honest price is not contracting, so the trend lines cannot diverge. Wave 3 is longer than wave 1? And wave 4 is longer than wave 2?
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IgnatBorisenko PRO WaveAlchemy
2 months ago
Hello! Actually an expanded is exist, you can see it sometime even on EWI charts. Also, during my 13-years experience, I saw a lot of wedges with the longest third wave ))) Anyway, there're many other counts, so I'm trading here very carefully.
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WaveAlchemy IgnatBorisenko
2 months ago
But you said "wedge"
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WaveAlchemy WaveAlchemy
2 months ago
Technically a wedge can't have a longest wave 3
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WaveAlchemy WaveAlchemy
2 months ago
But I will look out for this variation of a wedge. Thanks!!
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