Dear traders! Hope you are prepared your charts, ideas, monitors and nerves to the next trading week. I would like to share one of my view on EURUSD. Looks like we are ready to finish triangle pattern with ABCDE subwaves. Classical theory considers triangle as very stable pattern which could be developed in both waves. Do you see triangles as reversal or trend continuation pattern?
As an alternate count, maybe you can consider looking at the triangle the other way. Just sharing a view.
Lionheart-EWA
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brendoninhawaii
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@Lionheart-EWA, I agree this as possibility with wyckoff theory, and the idea of a spring for help of that last push
Elliott_Wave_Count
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@Lionheart-EWA, thank you very much! Nice chart and I'm agree with this alternative count.
Good thing in fact in long term we both expect the down move. As I'm a swing trader and ready to keep my positions days or weeks, it will reach the short target after some time, I'm ready to wait.
Thanks for professional approach to Elliott Wave :)