EURUSD on May 20, 2024 has the price drop started?

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Based on the Elliot wave principle, we analyze the H1 chart

- We see that the small 5-wave structure has completed on the H1 frame, after which the price entered the corrective wave abc.
- Looking at the corrective wave structure, we see that wave a has completed and the price is currently in the target area of ending wave b to start wave c.
- This is a very good price range to be able to execute a sell order at this price range
- Using the method of measuring the end target of wave c, we have 2 target price zones for the end of wave c: zone 1.0822 and zone 1.0787
Trading plan
We look for a Sell point at the price range of 1.0884 with the expectation of profit at the expected price range at the end of wave c. We have 2 areas: the price range of 1.0822 and the price range of 1.0787

Note: Sufficient TP, SL to be safe and win the market‼ ️Change data plan will be updated later.

Deekop's analysis is only a personal opinion with a desire to share its views with the community. I'm not always right. But my analysis always reflects my meticulous evaluation of what is best for an investment.
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