Based on my analysis, against the USD, the Euro will not see a Higher High for at least 8-10 Years imo.
Break down of the chart as follows:
ELLIOT ABC CORRECTION WAVE
Wave A (red block) = Fib retracement 0.764% of Wave A = Wave B
Wave B (Yellow block) = Formed Triangle with internal wave C hitting 0.618% then dumped)
Wave C (Blue block) = Wave1-5 Impulse to finish ABC correction.
: Wave 2.
Retraced 0.618-0.615% of Wave 1.
: Wave 3.
Still in process which could finish around $0.92878, however. We have an extended 1-5 impulse wave within wave 3 as shown.
Extended wave 2 retraced 0.854 of extended wave 1. Im expecting wave 3 to finish at around $0.92878 also.
: Wave 4.
depending on LTF count, looking for Triangle continuation pattern on Higher time frame (monthly) or, Elliot wave Flat correction.
: Wave 5.
Roughly at $0.788, around the year 2030ish...
Break down of the chart as follows:
ELLIOT ABC CORRECTION WAVE
Wave A (red block) = Fib retracement 0.764% of Wave A = Wave B
Wave B (Yellow block) = Formed Triangle with internal wave C hitting 0.618% then dumped)
Wave C (Blue block) = Wave1-5 Impulse to finish ABC correction.
: Wave 2.
Retraced 0.618-0.615% of Wave 1.
: Wave 3.
Still in process which could finish around $0.92878, however. We have an extended 1-5 impulse wave within wave 3 as shown.
Extended wave 2 retraced 0.854 of extended wave 1. Im expecting wave 3 to finish at around $0.92878 also.
: Wave 4.
depending on LTF count, looking for Triangle continuation pattern on Higher time frame (monthly) or, Elliot wave Flat correction.
: Wave 5.
Roughly at $0.788, around the year 2030ish...