Euro falling to 1.20???
After topping at 1.2978, completing a five wave structure up, being the second active wave of the pattern, an important change of trend took place. And the bears control the market since then as playforex.com.ar expect. All trends have at least three waves, and the first wave down is complete at 1,2528 and retrced to the 0.382 fib level. How long can be the next wave down?, the elliott wave structure and relationship between waves can help to establish a support for this low, as the daily map show at the forecast.The trend was not till today, wednesday, declare to down or up. Because of it we can say that the trend continue being sideways, and if we take a look to the 4 hours charts, we can labeled a running triangle, started on june 13, being in progress. A break of the 1.2474 low, tell us that a complex and subdivided wave 3 is on way.
After topping at 1.2978, completing a five wave structure up, being the second active wave of the pattern, an important change of trend took place. And the bears control the market since then as playforex.com.ar expect. All trends have at least three waves, and the first wave down is complete at 1,2528 and retrced to the 0.382 fib level. How long can be the next wave down?, the elliott wave structure and relationship between waves can help to establish a support for this low, as the daily map show at the forecast.The trend was not till today, wednesday, declare to down or up. Because of it we can say that the trend continue being sideways, and if we take a look to the 4 hours charts, we can labeled a running triangle, started on june 13, being in progress. A break of the 1.2474 low, tell us that a complex and subdivided wave 3 is on way.
