Dislikedsimilar scenario in Eur/usd Third wave expansion targets are defined in the charts .. 1.1861 is FE 100 . It might probably go more down to 161.8 which is at 1.1705 Chart : {image}Ignored
I have this on 15 min. Similar to yours.
if it is an ABC..then probably we end with v(III) for this down move from 1.23s and we have a decent retracement up.
If it is a 12345 impulse wave, then end of 3 with 4 sideways and 5 down to come to complete down move from 1.23s.
right now I favour the impulse move down..
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