Hello @all,
I think the EURUSD isnt already done in it`s move to the upside. Think we`re in a Wave C of a Flat pattern, but it seams to me we have overlapping waves there, and second this wave is to short in my view for a "C-Wave"! (In Elliott termes it needs to be impulsiv in a Wave c...of course u know that fact:-))
But I can`t see this pattern right now?! Anyway, my targetzone for a Wave c is @ 1.06517 - 1.06793 or a bit above that level.
Alt view is under 1.05355 a C-Wave is done and we`re on the way to 1.03394 and lower levels ahead!
Have a great day
rubennase :-)
I think the EURUSD isnt already done in it`s move to the upside. Think we`re in a Wave C of a Flat pattern, but it seams to me we have overlapping waves there, and second this wave is to short in my view for a "C-Wave"! (In Elliott termes it needs to be impulsiv in a Wave c...of course u know that fact:-))
But I can`t see this pattern right now?! Anyway, my targetzone for a Wave c is @ 1.06517 - 1.06793 or a bit above that level.
Alt view is under 1.05355 a C-Wave is done and we`re on the way to 1.03394 and lower levels ahead!
Have a great day
rubennase :-)
wave 2 is done with a "running flat"! This pair is on the way to lower lows and the first target can be the area of 1.046xx and lower, which is the lower trendline of the channel!
If the pair penetrate the level of 1.06307 this view is eleminated!
Have a gereat day....
rubennase