AW Euro Dollar Analysis - Wave A of Wave II in Progress...
If you look at Wave 1 and Wave 5 they are similar in length. Everything in between makes sense.
After a break from looking at this, it didn't take long to see this pattern for what it is once I looked again.
At the lows you can see the expansion that occurred in both Wave 2's therefore explaining the way this topped due to alternation in the Wave 4's at the highs.
It now looks like a complete 5-Wave Move which means we are not very far from seeing this trend continue higher.
The Euro will now correct in Wave II which could take a little while, but it also depends on whether or not this correction expands.
Seeing as though the Dow Jones, Oil and Bitcoin are expected to side lower it's probable that price remains within this range.
I will provide updates as I see the patterns evolve.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
After a break from looking at this, it didn't take long to see this pattern for what it is once I looked again.
At the lows you can see the expansion that occurred in both Wave 2's therefore explaining the way this topped due to alternation in the Wave 4's at the highs.
It now looks like a complete 5-Wave Move which means we are not very far from seeing this trend continue higher.
The Euro will now correct in Wave II which could take a little while, but it also depends on whether or not this correction expands.
Seeing as though the Dow Jones, Oil and Bitcoin are expected to side lower it's probable that price remains within this range.
I will provide updates as I see the patterns evolve.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
