tupaitrader
Short

EURUSD go short before to complete the correction

FX:EURUSD   Euro / U.S. Dollar
102 2 2
After the completion of correction.thinking of the price will go long to complete the wave 5.before that.price will go down to complete the e wave upon the completion of the wave correcion.

just my beginner wave analysis.please comment. thanks!!!
as far as i know boundary lines of triangles cannot point to the same direction. in your case they are both pointed upward, this should be treated as a wedge/diagonal. however, diagonals are motive waves that usually appears as wave 1/a or 5/c so in this case i believe this triangle should have ended at post FOMC low, and is the (b) of (a)-(b)-(c) of (5). that means pointing upward. correct me if i'm wrong.
Reply
tupaitrader colinsheen
thank you...i agree with the motive wave....in my opinion the price will go down to complete the e wave..then..continue to climb up...to find the 5th wave....
saying that it go down first because there is candlestick reversal signal that shows the price going to make a retracement before going up...thanks for comment... :)
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
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 Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out