4th Wave Correction aHead!
Hi,
Looks like EURUSD has some more upside still but before we continue its likely to have some correction on the way. I have marked two structure zones and I am expecting firs level to be the one. IF that is 4th wave of the 5th wave Then usually 4th waves correct 38% and so we can see that lines up with the trend line as well. After that we could have rally up to 5th wave completion which should test the long term diagonal resistance line and bigger correction to the down side could start.
This is my personal view and it is not an investment advice. My view will change If The Market proves me otherwise, until then- kind regards!
Looks like EURUSD has some more upside still but before we continue its likely to have some correction on the way. I have marked two structure zones and I am expecting firs level to be the one. IF that is 4th wave of the 5th wave Then usually 4th waves correct 38% and so we can see that lines up with the trend line as well. After that we could have rally up to 5th wave completion which should test the long term diagonal resistance line and bigger correction to the down side could start.
This is my personal view and it is not an investment advice. My view will change If The Market proves me otherwise, until then- kind regards!
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.
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.