EURUSD: Elliott Analysis
Cyan-dashed trend-line held. IMO, this low did not go far enough for a 3-3-5 Flat.
Therefore IMO we are either in a large triangle (magenta-dashed) , or wave-2 correction of a impulse down (yellow-dashed).
The yellow-dashed (double top) is slightly more preferred. No recommendations , except in this chop, don't over leverage.
Therefore IMO we are either in a large triangle (magenta-dashed) , or wave-2 correction of a impulse down (yellow-dashed).
The yellow-dashed (double top) is slightly more preferred. No recommendations , except in this chop, don't over leverage.
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