EURUSD - BIRDS EYE VIEW WAVE REVISION - Wave E of 2 In Progress
I was initially bearish the EURUSD until I started questioning my analysis and now the bearish count is back.
OK, so in line with my previous long term views (linked below) here is what I expect to happen next.
Usually when I get a few ideas wrong in a row I realize something is wrong.
I can now come up with many more reasons why I believe this will happen.
Aside from the macro side which I have researched into separately this latest move up does not look very impulsive.
If this was a Wave (A) of a zig zag then it would appear sharper and a little more impulsive.
EURUSD and the DOW JONES are somewhat correlated so why would I expect the EURO to go up given my latest market analysis? (linked below)
Corrective patterns within a corrective waves can be quite tricky as I have learned but it provides valuable clues.
I think we are close to the end of this move.
I will track this E Wave and treat it as such in future analysis. I am now looking for a top in Wave E.
Please LIKE and FOLLOW to get notification of updates and future posts.
OK, so in line with my previous long term views (linked below) here is what I expect to happen next.
Usually when I get a few ideas wrong in a row I realize something is wrong.
I can now come up with many more reasons why I believe this will happen.
Aside from the macro side which I have researched into separately this latest move up does not look very impulsive.
If this was a Wave (A) of a zig zag then it would appear sharper and a little more impulsive.
EURUSD and the DOW JONES are somewhat correlated so why would I expect the EURO to go up given my latest market analysis? (linked below)
Corrective patterns within a corrective waves can be quite tricky as I have learned but it provides valuable clues.
I think we are close to the end of this move.
I will track this E Wave and treat it as such in future analysis. I am now looking for a top in Wave E.
Please LIKE and FOLLOW to get notification of updates and future posts.
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