the eurusd is currently trading in wave 2,
till date, I assume that I got 12 more month for the structure to complete, and wave 1 have made 1500 pips movement in 5 month which makes me wonder how will the other movements be affected.
if wave 1 took 5 month to complete, then I should assume that wave 2 will take a minimum of 5 month to complete, if so my wave 2 which started in October 2014 will finish @ around 05-08 march 2015 which will give 9 more month for waves 3 4 and 5 to complete.
again, wave 2 might not take as much time as wave 1 since the internal corrections themselves in wave 1 is relatively small compared to the huge movement.
which gets me to the second scenario, which assuming that wave 2 will take less than 5 month to complete, and then wave 4 will have a very time- complex structure.
for me, I will go with the second scenario, and analyze wave 2 as if it will take less time than wave 1
till date, I assume that I got 12 more month for the structure to complete, and wave 1 have made 1500 pips movement in 5 month which makes me wonder how will the other movements be affected.
if wave 1 took 5 month to complete, then I should assume that wave 2 will take a minimum of 5 month to complete, if so my wave 2 which started in October 2014 will finish @ around 05-08 march 2015 which will give 9 more month for waves 3 4 and 5 to complete.
again, wave 2 might not take as much time as wave 1 since the internal corrections themselves in wave 1 is relatively small compared to the huge movement.
which gets me to the second scenario, which assuming that wave 2 will take less than 5 month to complete, and then wave 4 will have a very time- complex structure.
for me, I will go with the second scenario, and analyze wave 2 as if it will take less time than wave 1
