-
EURUSD Bearish Correction Is Complete?
The formation of the EURUSD currency pair shows a bearish corrective wave ④ of the primary degree. Wave ④ is an intermediate (A)-(B)-(C) zigzag, where (A) and (C) are both impulses, and (B) is a standard zigzag. The intermediate impulse wave is not yet fully complete. Minor wave 4 is currently under construction and this is a minute double three. Most likely, the price will reach the level of 1.199, located on the resistance line, where the minute wave ⓨ will end. Then the price will begin to decline within the minor wave 5 to the 1.175 area. At that level, intermediate impulse (C) will be at 123.6% of impulse (A).
- Comments
- Subscribe
- Comment #1
- Quote
- Mar 23, 2021 9:41am Mar 23, 2021 9:41am
- swing77
- Joined Oct 2015 | Status: Ltf market | 1510 Comments
- Comment #2
- Quote
- Mar 23, 2021 7:03pm Mar 23, 2021 7:03pm
- amsb
- | Joined Jan 2020 | Status: Member | 17 Comments
- Comment #3
- Quote
- Mar 24, 2021 8:34pm Mar 24, 2021 8:34pm
- DonFF
- | Commercial Member | Joined Nov 2014 | 1969 Comments