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Possible targets for the end of the decline in EUR/USD

FX:EURUSD   Euro Fx/U.S. Dollar
175 1 4
For those who have an interest in a possible Elliott Wave count and some out of the ordinary projections in percentage terms:

If wave c of Y = 1.414 times the % decline of wave a of Y: 1.01548
If wave Y = 1.272 times the % decline of wave W: 1.00079

Also, the numbers on the chart in the lower right corner were simple external retracements, as follows:

Wave b of Y times 200% = 1.00895
Wave X times 161.8% = 0.99822

So we see a tight confluence (relative to the timeframe) of 4 target values, roughly at parity for EUR/USD             . I'm just waiting for a decent corrective rally to push my intraday indicators into overbought territory so I can jump back into the short position I abandoned prematurely on Mar. 6... I won't be looking to go long until after these numbers are reached. The commercials are accumulating; when they stop, it'll be time to look for a buy signal. In the meantime...

Happy shorting!
XaviC
2 years ago
Great job...
Reply
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