EURUSD (EURO) Big Picture: How Could This Possibly Happen???
تم تحديثه
EURUSD (EURO) 042418 7:50 pm.
Hi trader friends, since this chart picture should replace a million words...
*Whether its a triangle with one more high or the 5th Wave already top, is likely to be resolved this week.
*I expect one more wave lower on the intra-day charts to touch the lower trend-line of what may be a triangle within 1-3 days.
*Then, the EURUSD will likely bounce in a small corrective rally, meaning a huge down move is imminent.
*Or, the bounce will have conviction and break the upper triangle resistance for one more impulse wave high, then tank into a Wave 2 low months or longer away.
*After the Wave 2 low in likely 4-18 months from now, then somehow, the US Dollar will likely be in deep trouble as the EURUSD should have a substantial rally for several years, if this is correct..
DISCLOSURE:
This analysis is meant for educational purposes only. You trade at your own risk!
Michael Mansfield CIO
Hi trader friends, since this chart picture should replace a million words...
*Whether its a triangle with one more high or the 5th Wave already top, is likely to be resolved this week.
*I expect one more wave lower on the intra-day charts to touch the lower trend-line of what may be a triangle within 1-3 days.
*Then, the EURUSD will likely bounce in a small corrective rally, meaning a huge down move is imminent.
*Or, the bounce will have conviction and break the upper triangle resistance for one more impulse wave high, then tank into a Wave 2 low months or longer away.
*After the Wave 2 low in likely 4-18 months from now, then somehow, the US Dollar will likely be in deep trouble as the EURUSD should have a substantial rally for several years, if this is correct..
DISCLOSURE:
This analysis is meant for educational purposes only. You trade at your own risk!
Michael Mansfield CIO
تم فتح الصفقة
EURUSD has likely confirmed the top as expected and should now have an ABC decline lasting 4-18 months, likely somewhere along the middle to later 2/3rds of that timeline. depending on the Elliott Wave pattern that unfolds and the Andrews lines and cycles at each likely juncture. Michael Mansfield
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