ββ Preferred count β Euro / U.S. Dollar (IDC),π TF: 1M Fig.1
The formation of sub-wave c within the (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.
_______________________________________ β Euro / U.S. Dollar (FXCM),π 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 β-β-β is still valid, but in a different configuration: the 2008-2017 structure is recognized as a β, a series of zigzags from 2017 to the present as part of an emerging triangle β.
_______________________________________ β Euro / U.S. Dollar (FXCM),π TF: 1D Fig.3
It is expected that in the near future wave Y as part of (B) of β will be completed, then growth within the zigzag (C) with targets in the range of 1.10-1.14 will follow.
_______________________________________ β Euro / U.S. Dollar (FXCM),π TF: 6h Fig.4
Sideways correction is expected to develop within wave (iv). _______________________________________ _______________________________________ ββ Alternative count β Euro / U.S. Dollar (FXCM),π 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 , taking it as wave β· 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 βΈ being formed.
The wave counting within a weekly interval is aligned with the main scenario - it is conducive to an early resumption of growth.