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WaveAlchemy
May 15, 2016 6:20 PM

EURUSD DAILY BEAR  Short

Euro Fx/U.S. DollarFXCM

Description

Hi all,

Intermediate wave b black appears to be unfolding as a contracting triangle where some 3's are complex.

Comment

This chart looks at wave c blue slightly different. The subdivisions are perfect and provides condfidence that wave C has terminated due to the break below of diagonal. Note that it does not alter the ultimate direction bias - the projected downward move for wave d blue remains intact.

I will publish analysis on wave d subdivisions shortly.

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