Decline to 1.95991 completed wave X. From this level, the pair rallied in wave (w) in the form of a double correction w-x-y where wave w ended at 2.004, wave x ended at 1.9822, and wave y of (w) ended at 2.00707. The pair then pullback in wave (x) also in the form of a double correction w-x-y where wave w ended at 1.9915, wave x ended at 2.0017, and wave y of (x) is in progress towards 1.9821 – 1.9858. We don’t like selling the proposed wave (x) pullback. Expect the pair to turn higher to complete wave ((w)) towards 2.02664 – 2.03709 once wave (x) pullback is complete in 3, 7, or 11 swing as far as 1.95991 pivot stays intact.
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. Click for Free 14 day TrialBack