Euro Short term correction before next up move (Elliott Wave)

24 août 2018

EUR/USD it looks like a corrective decline for Wave ii/b should soon follow which should be confirmed at the break of the red channel to the downside.
However it needs to be noted that this will only be a corrective move down and hence should be followed by a new Impulse to the upside which should take Euro above Wave i/a high.

More precise levels will become clear once the corrective move is confirmed.

27 août 2018

Note

So far following the arrows, we wait for the break of orange channel to enter shorts :

29 août 2018

Note

Euro : Down move seems to have started, shorts can be added with SL above Swing high, expecting move till white support zone :

30 août 2018

Note

Euro : 1H : Looks like W .a has begun the downward progression :

3 sept. 2018

Note

Euro : So far moving as expected :

4 sept. 2018

Note

Euro : T1 achieved, W.(3) about to get complete with possibly one more down leg remaining in the same :

4 sept. 2018

Note

Euro : 15 min. : As expected, W.(3) complete, moving up for W.(4) possibly as a Zig Zag or a complex correction :

5 sept. 2018

Note

Euro : 15 min. : Looks like W.(4) might be continuing sideways, most likely as a Triangle which should be followed by W.(5) down, hence sideways to bearish for now :

6 sept. 2018

Note

Euro : 1H : Expected progression of W.(4) as Triangle, if it moves above the LT line then that would mean that the correction is already complete and hence 1.16578 should be taken as SL for shorts for now :

7 sept. 2018

Note

Euro : 1 H : Updated Count : W .b either complete or continuing as a Triangle :

10 sept. 2018

Note

Euro : 15 min. : Expecting up move for W.C of the Triangle :

10 sept. 2018

Note

Euro : Went up as expected but without the deep correction that was expected, the Impulsive move suggests that this may be a W.c up for Flat correction rather then a Triangle, also there is the small possibility that the W .y is already complete and this is the new Impulse to the upside :

11 sept. 2018

Note

Euro : 5 min. : W.x/b looks to be continuing :

11 sept. 2018

Note

Euro : So far as expected, looks to have completed W.A of Triangle W.D :

12 sept. 2018

Note

Euro : 15 min. : Updated Count : W .x/.b still looks to be continuing :

13 sept. 2018

Note

Euro : 15 min. : Hypo 1 :
Hypo 2 : W.ii/b is complete and we are going to see a straight up move from here :

13 sept. 2018

Note

Hypo 2 : W.ii/b is complete and we are going to see a straight up move from here :

13 sept. 2018

Note

14 sept. 2018

Note

Euro : Hypo 1 : Update : 15 min. :

19 sept. 2018

Note

Euro : 1H : Expected Progression :