Trader, analyst and instructor with a 6-year experience

EUR/USD: weekly wave analysis

Roman Petuchov

Weekly. The market keeps on building the wave flat B. These days the final part is being constructed  – descending impulse wave [C] of B.

Daily. See the impulse [C] in details. After having formed a horizontal correction (4) the market entered the wave (5). 

H4. Wave (5) contains a corrective wave 4 that could become a zigzag or a wave flat. After that the decline will be extended in a new bearish wave 5. Approximate trajectory can be seen from the chart. 

Scroll to top