AW Euro Dollar Analysis - Small Expanded Wave B...

Price action suggests that we are looking at a smaller Wave B and may only see a double top.

Below in related ideas if you have a look at the degree of trend it appears we are only trading with Wave 4 of the initial move up.

After this completes that is when I expect Wave C to take the Euro lower back to the previous Wave iv at around 1.04821.

Support for this smaller Wave B is at 1.08378.

I wish I could post every 5 minutes but it's not possible.

Edit: The larger Head and Shoulders pattern might still be in play which means a possible triple top.


Remember to use Disciplined Money Management Principles to ensure longevity as a trader.

If you don't know the long term pattern shouldn't you be doing your research[b/] instead of just following the crowd?

Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.

***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***