Is EURUSD on the wave five down?

FX:EURUSD   Euro / U.S. Dollar
EURUSD             has broken the rising channel last Friday (see below).
From elliott wave analysis the current sideway is more like a flat correction . The wave 2 is a clear zigzag correction. They fit the alternative rule very well.

If EURUSD             is on the wave 5, the first target is the bottom of the sideway zone. Break out of the flat zone will confirm more of the decline.

Good luck for everyone!
Comment: Pay attention to the correction triangle it formed last week.
zhipengcfel blackjack2002jp
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