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astairwaytoprofit

EURUSD : Fourth Leg Beginning (?)

Euro / U.S. Dollar (FX:EURUSD)  
astairwaytoprofit Updated   
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Technical Indicators Wave Analysis
19
3
trendanalysis indicator waveanalysis
There is a remarkable analogy in the three uptrend legs retracement and a positive divergence in the DPO index that makes the pair interesting.
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Short, after breakout confirmation with a tight SL
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Wave 4 ended. Wave 5 unfolding and the bullish candel is a sign to take long position
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It appears that the corrective wave 2 has been completed. We will see....
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It seems bulls are in charge again, at least for a short time
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Trade closed: target reached:
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This scenario is very likely......
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Negative Divergence
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Possible opportunity for long position in 1.0800 area
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The party of Diagonals Triangles
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As we expecting to unfold and ending of wave C) of 2 and with condition our count to be accurate, we'll attempt to calculate the wave v) of C) of 2, wich will be the end of the flat correction A)B)C).
When we have diagonal triangle in wave 1 in impulse of 12345, this wave is the bigest among them. So the wave 5 will probably be equal or smaller of wave 3, because in Elliot wave Theory, wave 3 must not be the smallest among them.
So, the last one, wave v) of C) of 2 will approximatelly reach wave b), wich is more likely or will reach wave A.
This scenario will end the bears dancing and bulls will be in charge again, unless the invalidation broken up.
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Waiting for the bulls....
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Ok, bulls are back
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update
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If the count is accurate, bulls will be late...
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