WaveAlchemy
Short

EURUSD MONTHLY BEAR (MAIN)

FX:EURUSD   Euro Fx/U.S. Dollar
42 0 1
Hi all,

This count is based on the assumption that the market hasn't seen lower lows prior to 1994 (PLEASE Correct me if I'm wrong). That's to say that the price action             we see here, is a bullish correction.

The stifling decline from the most recent orthodox high at cycle degree torque (2008) will be added as an extension to the corrective structure (because it is unlikely to be the beginning of an actionary motive wave to the downside for it has too many overlaps and appeared to be range bound for the most part).

Cycle wave x torque subdivides nicely into a double-three, where primary wave w red unfolds as a simple zig zag , and primary wave x red unfolds as a flat, and primary wave y red could be unfolding as another simple zig zag .

In summary, I will anticipate a sharp decline soon that will unfold intermediate wave c black and thus complete cycle wave x torque.
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out