EUR/USD – Descending Bearish Channel – Elliott Wave Cycle

FX:EURUSD   Euro / U.S. Dollar
Full Chart Explanation available for our members .
Comment: Looking at a correction and then another impulse up. After that will be very interested in selling this pair.


broken,closed..keep watching...
Still working?
Hi L,
would you please explain why you use both ABC and WXY on your chart? and where you decide to go for one or another?
interesting chart.
sinakhan98 sinakhan98
@sinakhan98, Or its just the way you are labelling the inner waves maybe?? so it could be anything like WXY there too, right ?
Lionheart-EWA sinakhan98
@sinakhan98, one thing is clear to me now, after the last wave up I am selling it like it's no tomorrow

sinakhan98 Lionheart-EWA
@Libeloo24, :-)
then you are reasoning like me... well almost.

thanks for your explanation and honestly Im not a elliot wave guru but I read some about it long time ago, and I remember that abc are the wave you could divide to 5 waves but I could be wrong ofcourse. Thats why I asked you why in some case you use the abc and in other cases wxy. But maybe thats irrelevant in this situation since we both are agreed about the direction :-D

Lionheart-EWA sinakhan98
@sinakhan98, I am labeling the Intermediate Waves as WXY because this pattern is a complex inside a descending channel with combinations inside each Intermediate, hence the reason for Minors inside them.
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