Market

๐“”๐“พ๐“ป๐“ธ/๐“ค.๐“ข. ๐““๐“ธ๐“ต๐“ต๐“ช๐“ป. ๐“›๐“ธ๐“ท๐“ฐ-๐“ฝ๐“ฎ๐“ป๐“ถ ๐“ฏ๐“ธ๐“ป๐“ฎ๐“ฌ๐“ช๐“ผ๐“ฝ for FX:EURUSD by TradeWaves-EWA

โ—โ— Mine scenario
๐Ÿ•1M
FX_IDC:EURUSD

As usual, let’s start with a description of the count of the highest degree. Quite a long time ago, I gave priority to a running Contracting Triangle, presumably in the wave (x). I don’t like the ratio โ‘กโ‘ฃ in time in the previously assumed diagonal.

๐Ÿ•1W
FX:EURUSD

The rise from March 2020 has a rather ambiguous structure, but if you do not be biased, discard the emotional component โ€” the analyst’s fear of falling behind his colleagues in the race for “who first predicted strong growth”, be honest with your subscriber and first of all with yourself, then I will probably remain at my own โ€” I will consider the ascending wave a zigzag and take into account the probability of the formation of ((B)) of d to a triangle.

๐Ÿ•1D
FX:EURUSD

The decline is expected to continue with the wave (C) of ((B)).

๐Ÿ•4h
FX:EURUSD

Surrealism continues. I do not see any possibility to decompose the descending wave from the top (B), except for a rare triple zigzag (see Loc . Alt.) or to assume the formation of an equally rare figure โ€” an expanding Leading diagonal subdivided into zigzags. Due to the rarity of the model, I consider the current count to be extremely risky, the recommendation to short will only be made if (a)(b)/(w)(x) is formed as part of the expected ((v)) of A.

โ—โ— Loc . Alt.

๐Ÿ•1D
FX:EURUSD

As part of the local alternative, I consider the probability of continued growth by the wave (B) of ((B)).

๐Ÿ•4h
FX:EURUSD

In this case, we have to make a number of assumptions about the structure within the wave of W. And then, as you have already noticed, a triple zigzag in X, and even with a disproportion ((x))(( xx )). However, in the case of a breakdown of the local descending channel and the top ((x)) of X, the “bull lvl” level, I will switch to searching for points in the long, with an eye to implementing one of the counts presented on a dark background.

โ—โ— Alternative scenario

๐Ÿ•1W
FX:EURUSD

The Global alt. count in the framework of the higher degree has not undergone significant changes, except that the wave ((X)) of c is expected in the form of a single zigzag with a diagonal in (C), and not a triangle, as was assumed in the review for the currency pair last year.

๐Ÿ•1D
FX:EURUSD

The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.

Most Related Links :
newsbinding Governmental News Finance News

Source link

Back to top button