EURUSD Sep. 21, 2021 - Elliot Wave Analysis, CMB, edu. upd.
So, how it was counted and how it is going...
It is clear that market deny triangle and we are in Zigzag correction seeking low within Y.
Y at 1.1699 - ? (possible, but boring)
if lower than 1.1699 Y at 1.1667 (possible, but not perfect, imo)
if lower than 1.1662 Y at 1.1584-64 (possible and perfect, imo)
All this shows that EW analysis is interesting, but it requires creativity and imagination, especially in the projection of future patterns. Not suitable for intraday trading.
Not legal and financial advice;
Any information provided here is only the personal opinion of the author.
It is clear that market deny triangle and we are in Zigzag correction seeking low within Y.
Y at 1.1699 - ? (possible, but boring)
if lower than 1.1699 Y at 1.1667 (possible, but not perfect, imo)
if lower than 1.1662 Y at 1.1584-64 (possible and perfect, imo)
All this shows that EW analysis is interesting, but it requires creativity and imagination, especially in the projection of future patterns. Not suitable for intraday trading.
Not legal and financial advice;
Any information provided here is only the personal opinion of the author.
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The other point question is, how many ew analytics expected this CMB to occur?