Carrying on with our 25 EURUSD chart. Here is the possible EW count - using the AO as a guide.
The largest wave is Wave three . It has an internal divergence which is actually wave 3 4 5 on a smaller degree.
The AO pulls back to a minimum of zero in a wave 4, then wave 5 follows and makes a larger AO divergence.
The market should move up now, likely sideways into a larger correction.
Here is the zoomed out view... something that should always be checked.
The largest wave is Wave three . It has an internal divergence which is actually wave 3 4 5 on a smaller degree.
The AO pulls back to a minimum of zero in a wave 4, then wave 5 follows and makes a larger AO divergence.
The market should move up now, likely sideways into a larger correction.
Here is the zoomed out view... something that should always be checked.