EUR USD wave analysis
EUR is in a 3-3-5 corrective structure and is currently about to complete wave "e" of a smaller degree and Wave "B" of a larger degree.
This is a classic example of a very complex "B" Wave.
Once wave B is complete. It will go up [Wave C] to at-least break the top of wave "A" (unless structure changes to become a running flat). If it breaks the top of wave A (expanding flat), it can continue to go up more [it is technically difficult to forecast how much up Wave C can go, but it cannot go higher than the start of WAVE 1].
Once Wave "C" is complete, (which will also complete WAVE 2 of a larger degree) we can start looking for LONG TERM sell setup in the form of WAVE 3.
This is a classic example of a very complex "B" Wave.
Once wave B is complete. It will go up [Wave C] to at-least break the top of wave "A" (unless structure changes to become a running flat). If it breaks the top of wave A (expanding flat), it can continue to go up more [it is technically difficult to forecast how much up Wave C can go, but it cannot go higher than the start of WAVE 1].
Once Wave "C" is complete, (which will also complete WAVE 2 of a larger degree) we can start looking for LONG TERM sell setup in the form of WAVE 3.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.