Possible impulse wave on EURUSD

٢ يونيو ٢٠٢٠

Hello world,

theory:
another possible impulse wave.

We have:
- a proper looking bullish Elliot impulse wave setup
- price action at (possible) peak level
- highly overbought RSI

What I am waiting for:
- waiting for 4 to turn at channel boundary
- possibly choppy (perhaps even wedgy) wave 4 correction


Happy for feedback.

All the best,
c4ss10p314