EURUSD WEEKL ELLIOTT WAVE ANALYSIS Chart Pattern Identification

The larger structure indicates that he last arm is not impulsive but Corrective. The possible wave development and termination are indicated. The waves indicated fail for reason: the 3 segments are uncannily equal in price and time taken to complete. On the other hand IF one were to count each of the segments as possible waves 1, 2 and 3and 4, tghen the last segment should be Wave 5 and a correction should be expected. However that is not the case. The expectation is for another up wave to proceed from 1.17711 to around 1.132714 and above. Which is quite curious under the circumstances.