EURUSD: MONTHLY CHART - MUCH More To Fall!

In this MONTHLY Chart, I've updated the chart I posted from 2 months ago. In that chart, I was predicting that prices still have a LONG ways to go to fall. Both by the wave count and also the patterns are showing the same.

WAVE COUNT
My wave count shows that the current downtrend we are seeing and prices have been in for the last 7+ years since the high from August, 2008 is a beginning of a very, very large impulse wave. This is on the assumption that the previous years prior to that 2008 high were part of a very long corrective phase. My wave count stems from another data source that shows data back to the 1900's whereas the data feed here on TV only goes back to the 1990's. So if this is indeed a beginning of a large impulsive wave, then my wave count has the current downtrend in a wave 3 at the moment with the wave III of 3 probably having finished at the recent low point established in March of this year. If that is also correct, then what is happening in the past few months has been and still is the wave IV of 3. Judging from the consolidative price action, that also seems to be correct. But when will this wave IV end?

PATTERNS
There was a Butterfly pattern that was completed (blue) back in March of this year. Prices are now in the PRZ of that butterfly. However, there is another POTENTIAL butterfly that is VERY CLOSE to completion. Very close being a relative term in that this is a MONTHLY chart so in reality, that butterfly's completion point is still 200+ pips lower than the low in March! Then there is that POTENTIAL Bat pattern. It is showing that prices should be heading MUCH lower. Since prices have already broken the bat's BAMM point, the likelihood of completion is high. My wave count also supports this. But it's completion is still a ways off. Probably won't be till late 2016 to early-mid 2017 before that point is reached. But in the meantime, looking for good LONG TERM SELLS would be a good strategy to catch that wave V of 3 down.