Yesterday I was expecting up movement but it was strange, because I can not find there correct five wave structure. But for now it looks like Head and Shoulders Pattern (on picture R = S and G = H, in Polish it is RGR formation in english Shoulder Head Shoulder ).
1.4020 it is possible target for H&S.
But nothing sure about this what's is going on on EU bacause this could be false formation...
Joined Jun 2009
Status: [PHI] is all
Hi, I'm new in Elliot wave counting, could you tell me if there's a Fibonacci relation between - corrective wave [b] and [A] - when B retraces back to A ? I mean like 38.2 or 61.8 % retracement or it's often more unpredictable than that.
I know my opinion doesn't count much but I agree with SARASXXX and I think all (Eur,Gbp,Chf,Cad,Aud,Nzd) against USD are in the same situation and are on 4th correction of the last 5 before USD goes strongly higher again, and that's why I'm curious to know the answer of my question Thanks.