TradeWaves-EWA

๐“”๐“พ๐“ป๐“ธ/๐“ค.๐“ข. ๐““๐“ธ๐“ต๐“ต๐“ช๐“ป. ๐“›๐“ธ๐“ท๐“ฐ-๐“ฝ๐“ฎ๐“ป๐“ถ ๐“ฏ๐“ธ๐“ป๐“ฎ๐“ฌ๐“ช๐“ผ๐“ฝ

FX:EURUSD   Euro / U.S. Dollar
โ—โ— Mine scenario
๐Ÿ•1M
EURUSD
As usual, let's start with a description of the count of the highest degree. Quite a long time ago, I gave priority to a running Contracting Triangle, presumably in the wave (x). I don't like the ratio โ‘ก - โ‘ฃ in time in the previously assumed diagonal.

๐Ÿ•1W
EURUSD
The rise from March 2020 has a rather ambiguous structure, but if you do not be biased, discard the emotional component โ€” the analyst's fear of falling behind his colleagues in the race for "who first predicted strong growth", be honest with your subscriber and first of all with yourself, then I will probably remain at my own โ€” I will consider the ascending wave a zigzag and take into account the probability of the formation of ((B)) of d to a triangle.

๐Ÿ•1D
EURUSD
The decline is expected to continue with the wave (C) of ((B)).

๐Ÿ•4h
EURUSD
Surrealism continues. I do not see any possibility to decompose the descending wave from the top (B), except for a rare triple zigzag (see Loc. Alt.) or to assume the formation of an equally rare figure โ€” an expanding Leading diagonal subdivided into zigzags. Due to the rarity of the model, I consider the current count to be extremely risky, the recommendation to short will only be made if (a)-(b)/(w)-(x) is formed as part of the expected ((v)) of A.

โ—โ— Loc. Alt.
๐Ÿ•1D
EURUSD
As part of the local alternative, I consider the probability of continued growth by the wave (B) of ((B)).

๐Ÿ•4h
EURUSD
In this case, we have to make a number of assumptions about the structure within the wave of W. And then, as you have already noticed, a triple zigzag in X, and even with a disproportion ((x))-((xx)). However, in the case of a breakdown of the local descending channel and the top ((x)) of X, the "bull lvl" level, I will switch to searching for points in the long, with an eye to implementing one of the counts presented on a dark background.

โ—โ— Alternative scenario
๐Ÿ•1W
EURUSD
The Global alt. count in the framework of the higher degree has not undergone significant changes, except that the wave ((X)) of c is expected in the form of a single zigzag with a diagonal in (C), and not a triangle, as was assumed in the review for the currency pair last year.

๐Ÿ•1D
EURUSD


The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.



๐Ÿ†“ ะ‘ะพะปัŒัˆะต ะฐะฝะฐะปะธั‚ะธะบะธ ะฒ Telegram: t.me/freetradelife

๐Ÿ“š ะœะตั‚ะพะดะธั‡ะบะฐ (Elliott Wave Guide): t.me/elliottwaveprincipal

๐Ÿ“š ะ‘ะธะฑะปะธะพั‚ะตะบะฐ (Ellott Wave Archive): t.me/biblioewa

๐Ÿ’Ž Premium: t.me/freetradelife_premium
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.