M240. The form of wave (4) is still unclear. We could have a double zigzag or a triangle, but both cases mean that we're likely going to see a bearish zigzag in wave B or X.
At the same, there's the third option on the table. If the current downward price movement turns out to be just a local correction (something like we've got in wave ((b)) of A or W), then the upward price movement from 1.2107 could be an impulse wave.
M30. There's an ending diagonal in wave (c) of ((c)), so the price is declining. It seems like there's a developing impulse in wave (i). Therefore, we could have wave v of (i) in the coming hours.
At the same, there's the third option on the table. If the current downward price movement turns out to be just a local correction (something like we've got in wave ((b)) of A or W), then the upward price movement from 1.2107 could be an impulse wave.
M30. There's an ending diagonal in wave (c) of ((c)), so the price is declining. It seems like there's a developing impulse in wave (i). Therefore, we could have wave v of (i) in the coming hours.
💪 ElliottWave Trader since 2004. More that 19 years of experience.
🇬🇧 t.me/Waveology
🪆 t.me/TraderIgnat
🦀 Crab News: t.me/infocrab (in Russian)
🇬🇧 t.me/Waveology
🪆 t.me/TraderIgnat
🦀 Crab News: t.me/infocrab (in Russian)