This chart shows a EUR/USD daily time frame analysis based on Elliott Wave Theory.
▫️The green wave (iii) completed at the 1.16321 high, followed by a correction forming wave (iv).
▪️This wave (iv) is expected to unfold as an irregular flat correction.
▫️The initial drop formed wave (a), then price rallied sharply in wave (b), exceeding the top of wave (iii) and reaching 1.18301.
▪️Currently, the market is likely starting wave (c), a downward move expected to complete the flat pattern.
▫️This wave could reach the 38.2% Fibonacci retracement level near 1.1100 before the uptrend resumes in wave (v).
▫️The green wave (iii) completed at the 1.16321 high, followed by a correction forming wave (iv).
▪️This wave (iv) is expected to unfold as an irregular flat correction.
▫️The initial drop formed wave (a), then price rallied sharply in wave (b), exceeding the top of wave (iii) and reaching 1.18301.
▪️Currently, the market is likely starting wave (c), a downward move expected to complete the flat pattern.
▫️This wave could reach the 38.2% Fibonacci retracement level near 1.1100 before the uptrend resumes in wave (v).
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EURUSD - 4H
For Read: https://elliottwavemonitor.com/eurusd-analysis-will-the-fed-spark-a-bigger-sell-off/
For Read: https://elliottwavemonitor.com/eurusd-analysis-will-the-fed-spark-a-bigger-sell-off/
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GOLD Completes Wave 4 & Gears Up for the Major Wave 5.
Is This the Start of the Big Rally?
Is This the Start of the Big Rally?
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Bitcoin Faces a Major Elliott Wave Correction
Is the market preparing for its biggest drop since the all-time high?
▪️Elliott Wave analysis shows that Bitcoin may have completed wave (B) near $116,000.
▫️A corrective wave (C) could drag prices toward the 61.8% Fibonacci retracement before the next bullish cycle begins.
Is the market preparing for its biggest drop since the all-time high?
▪️Elliott Wave analysis shows that Bitcoin may have completed wave (B) near $116,000.
▫️A corrective wave (C) could drag prices toward the 61.8% Fibonacci retracement before the next bullish cycle begins.
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Crude Oil is setting up for a powerful wave, Are you ready for the next big move?
▪️Crude Oil has just completed a corrective phase near the 88.7% retracement, aligning perfectly with Elliott Wave structure.
▪️With Wave (ii) potentially ending, a strong rally toward the 161.8% extension is expected.
▪️Traders should prepare for momentum acceleration.
▪️Invalidation remains at 59.389.
▪️Crude Oil has just completed a corrective phase near the 88.7% retracement, aligning perfectly with Elliott Wave structure.
▪️With Wave (ii) potentially ending, a strong rally toward the 161.8% extension is expected.
▪️Traders should prepare for momentum acceleration.
▪️Invalidation remains at 59.389.
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