EURUSD wave E in progress

2016년 11월 3일

The EURUSD is in a three wave pattern higher for wave E in this daily triangle consolidation.
We are most likely close to the high for (a) and after a wave (b) consolidation we can buy EURUSD again for wave (c) higher.
So far all wave 'b' consolidations in this triangle were relatively deep and we can therefore also look to short once wave 'a' is in place.

Updates will follow

2016년 11월 8일

노트

So far all wave 'b' consolidations in this triangle were relatively deep and we can therefore also look to short once wave 'a' is in place.

We see the anticipated move lower and if wee see a consolidation by means of a bear flag we can sell the EURUSD once again. However I still favor a leg higher to complete wave C of wave (E).
Only a break below 1.085 indicates the daily triangle consolidation to be over.