It's key to understanding the market structure in general, for a while now the EURUSD has been in an impulse phase the classic 1-2-3-4-5. Few points to highlight that validate the pattern waves 1 and 4 not overlapped and wave 3 is not the shortest wave.
It's been a while since we stuck on the 4th wave phase corrective pattern which was a Triangle with a wave E failure. Waves 1 and 5 are relatively equal. It's safe to say the bullish bias is over and we can expect the price to correct lower as a corrective pattern( zig-zag, flats, or complex corrections.
It's been a while since we stuck on the 4th wave phase corrective pattern which was a Triangle with a wave E failure. Waves 1 and 5 are relatively equal. It's safe to say the bullish bias is over and we can expect the price to correct lower as a corrective pattern( zig-zag, flats, or complex corrections.
