TradingEW

EURUSD - long term EW

FX:EURUSD   Euro / U.S. Dollar
154 3 5
Note*
Due to prolonged decline and the presence of 5th wave (wave v) extension in wave (3), wave (4) will retrace & terminate more than 61.82% of (3).

"The 5th Wave Extension is the only extended wave which should be consistently retraced more than 61.82% by the next wave of the same Degree no matter what part of a larger scale the 5th wave is ........................"
Ref.: MEW Neely p. 10-10


Now, it's in middle of the x wave of the expanded flat correction (4).
Nice chart! Im wondering if (x) is already finished?
Reply
(x) is still in progress by the following chart :
Reply
wow.
Reply
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