plezar
Long

EURUSD BUY SETUP BASED ON ELLIOT PRINCIPLE

FX:EURUSD   Euro Fx/U.S. Dollar
Combining a basic 5 wave impulse sequence with a basic 3 wave corrective sequence yields a complete Elliott Wave sequence, which is a total of 8 waves.
1, 3, 5, a, c are impulsive waves
2, 4, b are corrective waves
The corrective wave B is already done, the next is impulsive C.
RSI is oversold
Trade active
how about the decline from 1.600 to 1.4000 did you miss that ?:)
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plezar tm86hot
Can you find there any pure sequenced impulsive/corrective waves? Cause I can't indeed :)
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I see the 5 wave like an extension of a biger wave .wave (III)
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they have the same simetry so must be a subdivision of a biger wave impulse in a biger time frame. i find it to be wave 3.and wave 5still in progresion. That is just my opinon :)
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