Hello traders,
As I wrote earlier in my previous post, I will concentrate on wave C (submillennium green). There it seems that, by the end of the year or January of the next year at the latest, the price of the Euro will reach levels of around 1.30. If that happened, it certainly wouldn't be in a straight line, would it? Of course not. That's why the wave theory will help us navigate all the way until the price reaches levels of around 1.30.
In the chart above, so far the price is moving as by the books, this indicates that at the moment the price is very clearly in the extended fifth (5) intermediate (black) wave and in the corrective fourth (Minor red). But to complete the fifth (5) black, is missing about 200+ pips, or more precisely - fifth (Minor Red) and levels of about 1.20 to complete this cycle. And starting to correct for a fourth (Primary Purple)
This will take at least two weeks. In my next post, I will zoom in deep into the fourth (Minor Red) wave and wait to complete. And to look for Long Trades for the completion of fifth (Minor Red) which will finish both the fifth (5) Black and Third (Primary Purple).
Thank you for your attention and thumbs up.
to be continued
As I wrote earlier in my previous post, I will concentrate on wave C (submillennium green). There it seems that, by the end of the year or January of the next year at the latest, the price of the Euro will reach levels of around 1.30. If that happened, it certainly wouldn't be in a straight line, would it? Of course not. That's why the wave theory will help us navigate all the way until the price reaches levels of around 1.30.
In the chart above, so far the price is moving as by the books, this indicates that at the moment the price is very clearly in the extended fifth (5) intermediate (black) wave and in the corrective fourth (Minor red). But to complete the fifth (5) black, is missing about 200+ pips, or more precisely - fifth (Minor Red) and levels of about 1.20 to complete this cycle. And starting to correct for a fourth (Primary Purple)
This will take at least two weeks. In my next post, I will zoom in deep into the fourth (Minor Red) wave and wait to complete. And to look for Long Trades for the completion of fifth (Minor Red) which will finish both the fifth (5) Black and Third (Primary Purple).
Thank you for your attention and thumbs up.
to be continued