The ED in the EU has changed form into a larger five wave impulse than previously forecast. This count has an advantage in that it has broken out in the character of an ED, that is, exactly retesting the lower trend line of the broken ED. Prices should decline sharply and swiftly from this point.
Comments
overcrocker
⋅
It didn't follow your prediction ... yet.
Could the wave labelling be out? You have (iv) entering territory of (i); and (iii) looks like the shortest wave to me. Both not allowed.
Could it be that (v) should actually be labeled (iii), and we are only now coming up to (v) ?? That way fixes both violations I mentioned.
Olayinkashola
⋅
Hi. What time frame chart is this please ?
chessnut
⋅
@Olayinkashola, 2 hour candles... it should decline sharply for months.
Olayinkashola
⋅
@chessnut, Solid. Thank you. I have never viewed a 2 hour chart before.
Could the wave labelling be out? You have (iv) entering territory of (i); and (iii) looks like the shortest wave to me. Both not allowed.
Could it be that (v) should actually be labeled (iii), and we are only now coming up to (v) ?? That way fixes both violations I mentioned.