Best reading of Elliott wave cycle suggests decline to 2.078 ended wave (X). From this level, pair is rallying higher in wave W in double three structure where wave ((w)) ended at 2.13, wave ((x)) ended at 2.102, and wave ((y)) of W is proposed complete at 2.1487. Near term, as 2.1487 level holds, pair is expected to pullback in wave ((w)) towards 2.1056 – 2.1139 area, then it should bounce in wave ((x)) before turning lower one more leg towards 2.10 area to complete wave X pullback. While 2.0788 pivot stays intact during wave X pullback, expect the pair to find buyers and resume rally higher or at least bounce in 3 waves per Elliott Wave hedging idea. We don’t like selling the proposed pullback.
At EWF we offer 24 hour coverage of 42 instruments from Monday – Friday using Elliott Wave Theory as primary tools of analysis. We provide Elliott Wave chart in 4 different time frames, up to 4 times a day update in 1 hour chart, two live sessions by our expert analysts, 24 hour chat room moderated by our expert analysts, market overview, and much more! With our expert team at your side to provide you with all the timely and accurate analysis, you will never be left in the dark and you can concentrate more on the actual trading and making profits. Check out our 14 day Free Trial to sample everything EWF has to offer! We are currently also running 30% promotion on Platinum Plan, valid for new members
Back
