EURUSD 1H EW

THIS IS NOT A TRADING ADVICE!!!
INFORMATION HERE WILL BE USED FOR A FUTURE AI

Direction: Descending
Tendency: Descending

According to my counting we are at the correction wave II (purple) of an impulsive wave after an ABC.
Purple I was a diagonal wave blue (I II III IV V).
I suppose Purple II is an ABC (yellow) (5-3-5) and I believe (A) leg has almost completed. I expect the price to move towards (B) and the to (C) to complete Purple II leg.

1D CHART

4H CHART

1H CHART

Yorum:

Expect to see more downtrend as shown on the chart.