Lionheart-EWA
Short

EUR/USD – Descending Bearish Channel – Elliott Wave Cycle

FX:EURUSD   Euro / U.S. Dollar
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31
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.

Comments

broken,closed..keep watching...
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Still working?
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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.
Thanks.
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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 ?
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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

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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

/thanks
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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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More info
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