Continuing the analysis from the previous post, EURUSD is currently completing wave 5. The length of wave 5 can be characterized by the following:
123.4% reverse retracement of wave 4, or 161.8% reverse retracement of wave 4, or 61.8% of waves 1-3. One of these criteria has already been met.
From the perspective of the pattern formed, there should ideally be 5 waves (3-3-3-3-3) occurring. However, in reality, it is unclear whether the 3-3-3-3-3 pattern (bluw arrow) has fully formed, or if it remains at 3-3-3 ( orange arrow).
A sell position can be initiated if the price breaks below wave 4 (last week’s low).
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.