eurousd . high expectations
as my opinion ;
i see a elliot 5 wave starting from january 2021 and ending right now and the price is rising up for creating the ABC wave .
and i see a bearish crab pattern appearing from 24 nov 2021.
and it has formed the pattern at fib.ret. 161.8 (x-a) and at fib.ret. 261.8(b-a) at the [d] point.
if i am right , the price will fall down to the first resistance at the exact point of fib ret (x-a) 1.14 % . and then it will rally up again.
if the price breaks down the first resistance it will bounce on resitance of (x-a) 61.8 %.and then it will rally up to break the support level of the previous resistance to rally up again.
it will for the elliot ABC form . ( i hope so ) :)
i see a elliot 5 wave starting from january 2021 and ending right now and the price is rising up for creating the ABC wave .
and i see a bearish crab pattern appearing from 24 nov 2021.
and it has formed the pattern at fib.ret. 161.8 (x-a) and at fib.ret. 261.8(b-a) at the [d] point.
if i am right , the price will fall down to the first resistance at the exact point of fib ret (x-a) 1.14 % . and then it will rally up again.
if the price breaks down the first resistance it will bounce on resitance of (x-a) 61.8 %.and then it will rally up to break the support level of the previous resistance to rally up again.
it will for the elliot ABC form . ( i hope so ) :)
Note
sadly my idea seems to be incorrect .as the second ABC wave is been appearing , the first wave (A) should rally more up to at least as big as the 4th wave of the elliot , in this case this trend will rally up to 1.13830 (fib.ret. 38.2 of the 5th elliot wave) .
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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.