sifneosFX

Elliott Wave Sell Opportunity

Short
FX:EURUSD   Euro / U.S. Dollar
Wave B usually travels to .38% of Wave A, that would be a regulars Zig-Zag Retracement. If price traves above 0.38%, it will then form a flat correction which will end around or above 0%.

Currently the correction looks like a regular Zig-Zag , after bouncing at 0.38%, C wave will travel down to 1.61%.



Comment: Currently looks like a normal zig zag, however, wait until wave B is over and wave C is started, as wave B may go up to 0% or further and form a flat or an expanded correction.
Comment: Zoom in with underlying waves:

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Currently looks like a normal zig zag, however, wait until wave B is over and wave C is started, as wave B may go up to 0% or further and form a flat or an expanded correction.
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So far so good
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