Wave 4 has reached the 50 % fibo level this friday in an ABCDE development. Uptrend still valid. If price fall under 1.1156 then be cautious. But I believe that next week will see higher prices targeting 1.1400-1.15000
Finally it happens before the week end thanks to US STATS : Wave 5 of C of 4
Situation is clear for monday : UP
Two resistance to check : 1.15 and 1.17. After open target for 1.20-1.22.
Nice weekend to you all
We are in the wave C of 4. We need another push down ideally to 1.1225 to finish C of 4 (in red).
14H30 with US stats will give more informations. Today and tomorrow are the most important days of the week.
So tomorrow we will see eurusd around 1.1400-1.1425
LT view. End of wave B who lasted 13 months. We will start C wave next week who will last between 18 and 24 months.
Vave 1 of C will reach 152 and 2 of C will retrace of 76 %. That s for the 4 of 5 months coming. I think 3 of C who is the most interesting for swingers will start begening of next year. Be ready for ...
Wave 4 in progress : next week for "d wave" with target 156 and a few days later wave "e" with target 161.90. Then with wave 4 finished ready for a big down swing in wave 5. Does it mean that brexit is already in ? Have a nice week end
We are begenning the C wave target 1.22-1.26 in the <eeks coming. If not, a possible ABCDE development can take place. But I don t see for the weeks coming movement to the down under 1.00.
Logically if we respect the elliott wave theory we are in this kind of waves. But mistake is always possible.
To sumup :