BuyBitcoins
Long

Elliott wave, long euro, wave 3 about to begin

FX:EURUSD   Euro / U.S. Dollar
All the annotations are on the actual chart. No rules are being violated and no other explanation for the wave 1 impulse. If the wave 1 impulse was indeed correction, wave A (Or B if it was a correction) would be lower than 61.8% minimum, but instead we have it at 50% of wave 1. This means Wave 1 was impulsive. With that in mind, Wave A and B are zigzag form with wave C impulsive (3-3-5). Wave C is an elongated impulsive that typically stops at 168.1% of wave A. Furthermore, wave 2 terminates just before wave 1, with a classic ending diagonal that slightly breaches the trendline , which is often the case.

I struggle to find any other explanation for the price action.

Note: The correction is a 3-3-5 flat. Note how wave B never exceeds the start of wave A, meaning this can not be zigzag .

Comment: If I am wrong, please let me know why, I am eager to learn. Thank you for reading
Comment: I believe I am wrong and danV is correct here:
snapshot
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
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