EURUSD: Elliot Wave count

FX:EURUSD   Euro / U.S. Dollar
Ok. Last week we had a good rise and I have closed the long position, which opened at 1.09930 (when wave 3 shot up and breakthrough wave ) and closed at 1.11961 (stop lose in wave 5, which has a leading diagonal )

I think, this rise did not complete and the pair just do a correction. Now it is looking like a zig-zag patter. The pair had completed wave a, seems completed wave b and next step it is wave c. If look on the chart, we see, that expected level will near the price 1.11. I decided it because:
a. the Fibo Retracement level at 38.2 % (common retrace for wave four)
b. proportion between waves a and c: a = c
c. After leading diagonal correction usually going to the point, where is diagonal started. (1.1115)
d. Parallel channel for wave (3)

Anyway, I am prefer waiting and looking how correction will develop. When correction will complete this pair will have a excellent opportunities for grow and complete wave (3) or wave (5) (for alternative count) with first target at 1.14.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out