Hi every body.
My previous analysis about EURUSD had some flaws so i made it right. So far a Flat pattern has completed, wave C retraced more than 161% wave B so its a Elongated Flat. Then a ABC pattern couldn't break the flat's channel therefore it wasn't an impulse and that count as a X wave.
Elongated flats are also common in triangles but i don't think that's going to happen. After this X wave we have another correction and it might be a double Flat or Zigzag or even a triangle and i will update as soon as i found out what it is; but before that comment what correction pattern do you think we'll have ??
For sure it will fall more. You can open a short term sell position and put your ST above the X wave and TP will be near at the bottom of the channel. Everything else is very clear in the chart.
Give it thumbs up if like this analysis and feel free to ask me question.
My previous analysis about EURUSD had some flaws so i made it right. So far a Flat pattern has completed, wave C retraced more than 161% wave B so its a Elongated Flat. Then a ABC pattern couldn't break the flat's channel therefore it wasn't an impulse and that count as a X wave.
Elongated flats are also common in triangles but i don't think that's going to happen. After this X wave we have another correction and it might be a double Flat or Zigzag or even a triangle and i will update as soon as i found out what it is; but before that comment what correction pattern do you think we'll have ??
For sure it will fall more. You can open a short term sell position and put your ST above the X wave and TP will be near at the bottom of the channel. Everything else is very clear in the chart.
Give it thumbs up if like this analysis and feel free to ask me question.
