EURUSD: Wave (5) on the way
Wave (4) of EURUSD slightly missed the target and fell down swiftly.
As Wave (4) is over, we can estimate the Wave (5) targets.
There are two Wave (5) target zones:
(1) around 1.14
- Wave (5) = Wave (1), 1.1451
- Wave (4) will divide the higher degree impulse wave in golden section, 1.1417
- 1.382 reverse Fibonacci target, 1.1379
(2) around 1.12
- Wave (5) = 0.618 x Wave (1) ~ (3), 1.1206
- Wave (5) = 1.618 x Wave (1), 1.1203
- 2.0 reverse Fibonacci target, 1.1168
We can have better estimates of Wave (5) once we have clearer substructure.
More charts can be found at white6intelligence.com
As Wave (4) is over, we can estimate the Wave (5) targets.
There are two Wave (5) target zones:
(1) around 1.14
- Wave (5) = Wave (1), 1.1451
- Wave (4) will divide the higher degree impulse wave in golden section, 1.1417
- 1.382 reverse Fibonacci target, 1.1379
(2) around 1.12
- Wave (5) = 0.618 x Wave (1) ~ (3), 1.1206
- Wave (5) = 1.618 x Wave (1), 1.1203
- 2.0 reverse Fibonacci target, 1.1168
We can have better estimates of Wave (5) once we have clearer substructure.
More charts can be found at white6intelligence.com
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