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

٢٤ أغسطس ٢٠١٨

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.

٢٧ أغسطس ٢٠١٨

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

٢٩ أغسطس ٢٠١٨

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

٣٠ أغسطس ٢٠١٨

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

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Euro : So far moving as expected :

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

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

٥ سبتمبر ٢٠١٨

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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 :

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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 :

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

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

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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 :

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

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

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

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

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

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Euro : Hypo 1 : Update : 15 min. :

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Euro : 1H : Expected Progression :