Short Term Elliott Wave view in EURUSD suggests rally to 1.1483 ended wave (4). Internal of wave (4) unfolded as an ABC zigzag Elliott Wave structure. In the 1 hour chart below, wave B ended as a triangle and wave C higher subdivided as a 5 waves impulse structure. Up from wave B, wave ((i)) ended at 1.135 and dips in wave ((ii)) ended at 1.1311. Pair then extended rally higher in wave ((iii)) towards 1.148 and dips in wave ((iv)) ended at 1.145. Final leg higher wave ((v)) ended at 1.148. This completed wave C and (4) in higher degree.
Pair has turned lower in wave (5). However, it still needs to break the previous low on November 24, 2021 low at 1.1185 to rule out a double correction higher. Down from wave (4), wave (i) ended at 1.138 and rally in wave (ii) ended at 1.1406. Pair then extended lower in wave (iii) towards 1.1317, wave (iv) ended at 1.1334, and final leg lower wave (v) ended at 1.1313 which completed wave ((i)). Rally in wave ((ii)) has also ended at 1.13769. While rally fails below there, and more importantly below 1.1483, expect pair to see further downside. Near term, as far as pivot at 1.1483 stays intact, expect rally to fail in 3, 7, or 11 swing for further downside.
風險提示：本文所述僅代表作者個人觀點，不代表 Followme 的官方立場。Followme 不對內容的準確性、完整性或可靠性作出任何保證，對於基於該內容所採取的任何行為，不承擔任何責任，除非另有書面明確說明。
暫無評論，立馬搶沙發