EURUSDHi Everyone
Its been a long time almost an year EUR/USD had been falling. We were falling in an structure of L series (mean long term wave ) and recently we have completed L5 a 0.98132. Now its time for an ABC correction structure which we represent with LC1, LC2. ( C stand for correction).
Let see structure equation,
1) We are in (LC 1 >)
in which we have completed M1 ( m stand for medium term waves) and progressing with M2
(LC 1>M2 ?)
2) Further if we brake down M series you will see s series( s stand for short term wave)
(LC 1>M2 > SC 2?)
3 ) This mean after correction wave in wave M2, we will definitely see an 5 or 3 wave structure in s series as long as we are above invalidation levels.
Note -This equation is just for your memory. Let me know if this is helpful or not.
If you does not understand our coding structure plz check out below chart.
Thank You
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