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
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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
I would be interested to know what is your view now and see an updated chart. Some how I believe (I may be wrong) that the 3rd wave has not ended yet and perhaps we will see an extended one before finally having the 4th wave. Would you agree on this? Great analysis there!