1]i have been trying to establish the trend in the eurdollar for a while and i can say i may have a good perspective if the chart pattern between 2009 and 2014 is a triangle this will ascertain the whole move to around 2016 december as a correction.
to that point elliott wave theory will point price being in a wave C of 2 and a move beyond 1.17992 which is point B will suggest a continuation of the uptrend and we would be trading a wave THREE
2]if instead of a triangle we have a flat we would have an even clearer chart of a 5-3-5 correction which would still advocate for an upside move
LOOKING FOR LONG ENTRIES BEYOND (B)
to that point elliott wave theory will point price being in a wave C of 2 and a move beyond 1.17992 which is point B will suggest a continuation of the uptrend and we would be trading a wave THREE
2]if instead of a triangle we have a flat we would have an even clearer chart of a 5-3-5 correction which would still advocate for an upside move
LOOKING FOR LONG ENTRIES BEYOND (B)