EUR/USD: Elliot wave analysis
Weekly. The formation of the corrective wave (b) is close to an end.
Chart. Weekly EUR/USD
Daily. Wave (b) took the form of a horizontal Triangle. Now we see the formation of wave e of the Triangle, which takes the form of a double Zigzag.
Chart. Daily EUR/USD
H4. Wave 5 of (C) of [y] is taking shape of the Ending Diagonal Triangle. In the near future we expect the construction of a rising wave 5. After the wave [y] is complete, we expect a new downtrend to start.
Chart. H4 EUR/USD
Roman Petuchov for FX BAZOOKA