Elliott Wave analysis of EURUSD once again shows some interesting wave patterns. As always, my comments are posted directly on the chart to enhance your learning experience. In my view, the current recovery in the Euro is going to be short lived, and we will see the currency come off again towards 1.3215, possibly breaking that also.
You can observe what appears to be an expanding diagonal triangle. As explained in the book Five Waves to Financial Freedom, diagonal triangles often show up as ending patterns in 5th waves and C waves. I recommend that you revist that chapter and study the above chart as well. Thereafter, you can follow up with the current market developments in real time to see whether our expectations work out, and if it doesn’t what went wrong. WaveTimes is a ‘living book’ and acts as a great supplement to your learning of the Elliott Wave Principle.
Your analysis is amazing and book is just a very neat and clean study of Elliott Waves. I really liked the book. Have posted a review as well.
Hi Rishabh, Thanks for your kind words
That was well nailed Ramki 😉
In harmony world called Bearish Gartley ie. 1.618 swing. Looks alike something is not finished yet for downside.
Great call again Ramki. This euro post helped me wind up the year with record return on capital!!! When time permits, pls post a medium term view on euro.
Please would you share your elliott wave view of the eur/usd pair?
Hello Dan, I will do an update early next week.
Hello Dott. Ram
(if possible) would you share for all of us your view ( long-term 2012!!! ) on eur/usd ??… …
all the best
Hello Dott.Luca, of course! Next week!
can we get an update on EURUSD please. i hear an important bottom is in the works.