overshoot

glennmercer glennmercer PRO EURCHF, 60, Short ,
EURCHF: EURCHF Short: Ending Diagonal & Wolfe Wave Reversal to Pivots
162 0 0
EURCHF, 60 Short
EURCHF Short: Ending Diagonal & Wolfe Wave Reversal to Pivots

EURCHF has completed a possible ending diagonal and has made a reversal in a confluent PRZ. Wolfe Wave theory defines the sweet zone, or the area of a probable reversal, as the area between 1-3 and the 2-4 parallel extension from point 3. Similarly, EW theory suggests that wave 5 will often overshoot in an ending diagonal which may be followed by a swift and ...

Mohammed_Al-Yahya Mohammed_Al-Yahya PRO AUDUSD, 60,
AUDUSD: AUDUSD Bullish short term, Before turning back down to the lows
269 4 4
AUDUSD, 60
AUDUSD Bullish short term, Before turning back down to the lows

AUDUSD has created a well defined Inverted Head & Shoulder pattern, looking for target at 0.7750 A longer term bearish channel with an overshoot at the lows supported this view to break the bear channel at the highs before trying to visit the low of the channel again

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