This is my Elliott wave idea about EURUSD on the 4 hours chart.
This time, I readjusted the wave counts of my idea published on 3/10.
I think that “sub wave (i)”(Orange) of “wave 3”(Blue) is the “Leading Diagonal Triangle”.
First, we should focus on the sub waves(i,ii,iii,iv,v) of wave (i).
The “wave i, iii, v” (Black line) are the motive waves of 5 wave composition.
In addition, The “waves ii” and “wave iv” are the corrective waves.
The wave “(ii)” was retraced 61.8% of wave(i).
However, I am worried because the corrective time of “wave (ii)” is short.
If the assumption is correct,
The "wave (iii)" will grow to the levels of 1.000-1.100.
This time, I readjusted the wave counts of my idea published on 3/10.
I think that “sub wave (i)”(Orange) of “wave 3”(Blue) is the “Leading Diagonal Triangle”.
First, we should focus on the sub waves(i,ii,iii,iv,v) of wave (i).
The “wave i, iii, v” (Black line) are the motive waves of 5 wave composition.
In addition, The “waves ii” and “wave iv” are the corrective waves.
The wave “(ii)” was retraced 61.8% of wave(i).
However, I am worried because the corrective time of “wave (ii)” is short.
If the assumption is correct,
The "wave (iii)" will grow to the levels of 1.000-1.100.