EUR/USD (H4)
Elliot Wave 5, from high (8/5) at 1.39927.
Ending Diagonal (4-5), 5 waves, terminating at 1.23568,
indicating a potential trend change, with higher lows from Channel base. At 141.4% extension and 88.6% retracementsx2, support area. Within channel boundaries.
Potential abc like rally, with three targeted areas, seen also in Daily time_frame.
Daily RSI potential momentum brake_out at 46.
Elliot Wave 5, from high (8/5) at 1.39927.
Ending Diagonal (4-5), 5 waves, terminating at 1.23568,
indicating a potential trend change, with higher lows from Channel base. At 141.4% extension and 88.6% retracementsx2, support area. Within channel boundaries.
Potential abc like rally, with three targeted areas, seen also in Daily time_frame.
Daily RSI potential momentum brake_out at 46.