is currently on wave V to the impulsive wave. The likelihood of eurusd
approaching a long corrective period. In wave V, the eurusd
is forming a ending diagonal
pattern of 3-3-3-3-3. this pattern can be finished anywhere as long as it does not exceed FE 100 of wave III. the best way to predict the end of wave V is to keep observing when the 5th wave of the ending diagonal
pattern has formed with the confirmation of RSI
divergence at the weekly time frame weekly. In wave (b) eurusd
can form any corrective wave or triangle. Important support that will hinder the corrective wave is at 1.2102 and 1.1547.