Expecting to see 1.1865 minimum to see the end of wave (4)
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$5 Min Time Frame
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Wave x looks complete EurUsd could be ready to make a sharp move towards 1850-1.950 area to complete wave (4). Wait for confirmation before trading wave y.
Double Zig Zag (W, X, Y)
• Wave W and Wave Y take the
form of a zigzag
• Wave X may take the form of any
corrective wave
• Wave Y extends beyond the top of
wave W;
• The end of wave X does not go
over the beginning of wave W
Double Zig Zag (W, X, Y)
• Wave W and Wave Y take the
form of a zigzag
• Wave X may take the form of any
corrective wave
• Wave Y extends beyond the top of
wave W;
• The end of wave X does not go
over the beginning of wave W
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Technically we can still see the 1.1800 area but for now I'm bearish.
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Daily chart with wave (iv) proposed complete.
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Alternate Daily count uncompleted expanding flat. This structure would look more like abc