EURO corrective structure

FX:EURUSD   Euro / U.S. Dollar
Corrective Structures can be very complex. The EURO             has already made a 3 wave correction which could be one wave of a higher degree in a more complex structure. Possible divergence (not complete as yet) on the 60 mins chart, so I would move any sell stops to a lower 60 min top. If this down move is the next down impulse then my stop would be OK ,if the correction becomes more complex I would be taken out and i'll be looking to BUY the C wave up after an impulse and a correction of lower degree. For now i'm short.
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+1 Reply
it turned on the B wave, then it turned on C to south as on the chart
+1 Reply
i agree EW works,in fact accurately too.
We love Elliott Waves :D
+2 Reply
Looks like we are going to make the C wave now , let's see how the structure develops and I will post Updates. Do you think Knowing the wave pattern is important? if so click like .
+7 Reply
OccultTrader anilmangal
So that means we're going down again, huh? I still insist on the level 1.115 before going down again. We may see a little contraction, though, before the completion of the C wave, which may get us to 1.08s maybe, because of the Cypher that has already been formed.
Wow, look at that one going :)
+2 Reply
Yes Victor ,who says EW don't work? like the charts if you agree please!
+5 Reply
Excellent, so ZZ up not complete. Makes sense.
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