📌EURUSD: Long Term Waves

●● Preferred count
● Euro / U.S. Dollar (IDC),🕐 TF: 1M
Fig.1

The formation of sub-wave c within the triangle (x) continues. The invalidation level of the wave counting is the top of sub-wave a, level 0.82320. Breakdown of this mark will open the prospect for the transformation of the supercycle wave (x) into an expanded flat.

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● Euro / U.S. Dollar (FXCM),🕐 TF: 1W
Fig.2

The 2017 low was passed, which served to revise the counting of the structure of wave c. The idea of counting the wave c a double zigzag Ⓦ-Ⓧ-Ⓨ is still valid, but in a different configuration: the 2008-2017 structure is recognized as a single zigzag Ⓦ, a series of zigzags from 2017 to the present as part of an emerging triangle Ⓧ.

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● Euro / U.S. Dollar (FXCM),🕐 TF: 1D
Fig.3

It is expected that in the near future wave Y as part of (B) of Ⓧ will be completed, then growth within the zigzag (C) with targets in the range of 1.10-1.14 will follow.

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● Euro / U.S. Dollar (FXCM),🕐 TF: 6h
Fig.4

Sideways correction is expected to develop within wave (iv).
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●● Alternative count
● Euro / U.S. Dollar (FXCM),🕐 TF: 1W
Fig.5

In the context of an alternative count, I propose to return to the counting of the structure formed in the period 2008-2014 in the form of a contracting triangle, taking it as wave Ⓑ as part of the zigzag c of (x). The subsequent series of zigzags is proposed to be interpreted as waves (1), (2), (3) as part of the ending diagonal Ⓒ being formed.

The wave counting within a weekly interval is aligned with the main scenario - it is conducive to an early resumption of growth.

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