EURUSD SHORT via Elliott Wave Termination And RSI Confluence.

31 Mar 2022

Looks to me like a complete Impulse wave termination right under descending monthly resistance and within a noteworthy Value Area. The Relative Strength Index appears to be confirming that my observed Wave 3 is inside a wave 3 on a higher Degree which would make this prospective retracement a wave 4. It could be developing into an Expanding Triangle. Time will tell. I am expecting a nice ABC retracement to the .618 or greater. Any experienced Elliotticians please let me know what you think. I am plotting monowaves on a higher degree now.

1 Nis 2022

İşlem aktif

Looks like I was A little off on my B Wave Time estimation. Looking to close between now and 02:45 UTC.