jdemunter
Long

Eur/Usd : Wave Y or still wave X?

FX:EURUSD   Euro Fx/U.S. Dollar
The triangle count worked out like expected, the last obstacle for the bull run in the form of wave Y, is the possibility of wave X(circle) not being finished yet. Candlesticks on weekly and daily are bearish , and from the 1.1090 low (sept 3th) there are 2 equal legs. In EW these equal legs would be a double three to form wave B of wave X(circle). But this is the alternative count and 1.1173 is the point of invalidation for the main count, where prices will open the week lower but should rally after that.

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