CRITICAL ANALYSIS - EXPANDING ENDING DIAGONAL WAVE E
There are a few things going on in this currency pair to say the least.
The expanding nature of the Blue Wave iv makes this pair one of the most complex patterns on any chart.
Its a purely corrective 5 Wave structure and it is not over yet.
This could end on the lower channel somewhere before we see a proper reversal which will be epic.
It's interesting to note though that on the EURUSD pair we are expecting a C, D and E wave shortly which could mean the last 3 waves down on this pair.
Red Wave E should terminate at the upper part of the expanding channel but I don't imagine this will exceed this area and especially not Red Wave C either.
Thank you for your patience, it's been a process getting the bigger picture to manifest in my mind.
Please see my related ideas below on the Gold Based Analysis series of charts.
Please LIKE and FOLLOW to get notification of updates and future posts.
There are a few things going on in this currency pair to say the least.
The expanding nature of the Blue Wave iv makes this pair one of the most complex patterns on any chart.
Its a purely corrective 5 Wave structure and it is not over yet.
This could end on the lower channel somewhere before we see a proper reversal which will be epic.
It's interesting to note though that on the EURUSD pair we are expecting a C, D and E wave shortly which could mean the last 3 waves down on this pair.
Red Wave E should terminate at the upper part of the expanding channel but I don't imagine this will exceed this area and especially not Red Wave C either.
Thank you for your patience, it's been a process getting the bigger picture to manifest in my mind.
Please see my related ideas below on the Gold Based Analysis series of charts.
Please LIKE and FOLLOW to get notification of updates and future posts.
