Short term Elliott Wave view suggests decline to 1.4439 ended wave (w) and bounce to 1.4668 ended wave (x) as a FLAT. Pair has since resumed in wave (y) lower with the internals unfolding as a triple three, where wave w ended at 1.4374, wave x ended at 1.455, wave y ended at 1.4247, and second wave x bounce is in progress towards 1.44 – 1.4437 area before turning lower again. As far as wave (x) pivot at 1.467 stays intact, once the bounce is complete, pair is expected to resume the extension lower towards 1.41 – 1.42 to complete wave (y) of (X). We don’t like buying the proposed wave x bounce.
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!
Back