Euro Short term correction before next up move (Elliott Wave)

24 Ağu 2018

EUR/USD it looks like a corrective decline for Wave ii/b should soon follow which should be confirmed at the break of the red channel to the downside.
However it needs to be noted that this will only be a corrective move down and hence should be followed by a new Impulse to the upside which should take Euro above Wave i/a high.

More precise levels will become clear once the corrective move is confirmed.

27 Ağu 2018

Not

So far following the arrows, we wait for the break of orange channel to enter shorts :

29 Ağu 2018

Not

Euro : Down move seems to have started, shorts can be added with SL above Swing high, expecting move till white support zone :

30 Ağu 2018

Not

Euro : 1H : Looks like W .a has begun the downward progression :

3 Eyl 2018

Not

Euro : So far moving as expected :

4 Eyl 2018

Not

Euro : T1 achieved, W.(3) about to get complete with possibly one more down leg remaining in the same :

4 Eyl 2018

Not

Euro : 15 min. : As expected, W.(3) complete, moving up for W.(4) possibly as a Zig Zag or a complex correction :

5 Eyl 2018

Not

Euro : 15 min. : Looks like W.(4) might be continuing sideways, most likely as a Triangle which should be followed by W.(5) down, hence sideways to bearish for now :

6 Eyl 2018

Not

Euro : 1H : Expected progression of W.(4) as Triangle, if it moves above the LT line then that would mean that the correction is already complete and hence 1.16578 should be taken as SL for shorts for now :

7 Eyl 2018

Not

Euro : 1 H : Updated Count : W .b either complete or continuing as a Triangle :

10 Eyl 2018

Not

Euro : 15 min. : Expecting up move for W.C of the Triangle :

10 Eyl 2018

Not

Euro : Went up as expected but without the deep correction that was expected, the Impulsive move suggests that this may be a W.c up for Flat correction rather then a Triangle, also there is the small possibility that the W .y is already complete and this is the new Impulse to the upside :

11 Eyl 2018

Not

Euro : 5 min. : W.x/b looks to be continuing :

11 Eyl 2018

Not

Euro : So far as expected, looks to have completed W.A of Triangle W.D :

12 Eyl 2018

Not

Euro : 15 min. : Updated Count : W .x/.b still looks to be continuing :

13 Eyl 2018

Not

Euro : 15 min. : Hypo 1 :
Hypo 2 : W.ii/b is complete and we are going to see a straight up move from here :

13 Eyl 2018

Not

Hypo 2 : W.ii/b is complete and we are going to see a straight up move from here :

13 Eyl 2018

Not

14 Eyl 2018

Not

Euro : Hypo 1 : Update : 15 min. :

19 Eyl 2018

Not

Euro : 1H : Expected Progression :