Part 1: EW comlpted full cycle-(EURUSD), What is next?
Let me reveal out the Wave Counting from Basic and then, we will move to lower TimeFrame to determine actual trading levels.
The primary wave of motive cycle has-been started since 2000 and completed in 2008 on the weekly chart.
The primary W. 1 + W.5 is equal to W. 3 approximately, therefore, you can say the impulsive W.3 is extensive.
It was clearly understandable Bull market-label denoted by 5 Waves & Bearish market for w,x, and y.
Let's talk a little about the new phase:
If the price not falling below 1.03591, then the price will be ready for wave 3. Another confirmation, the price moving above wave 1 (1.25513) is also uptrend confirmation.
The primary wave of motive cycle has-been started since 2000 and completed in 2008 on the weekly chart.
The primary W. 1 + W.5 is equal to W. 3 approximately, therefore, you can say the impulsive W.3 is extensive.
It was clearly understandable Bull market-label denoted by 5 Waves & Bearish market for w,x, and y.
Let's talk a little about the new phase:
If the price not falling below 1.03591, then the price will be ready for wave 3. Another confirmation, the price moving above wave 1 (1.25513) is also uptrend confirmation.