Hi Traders,
The Euro (now at 1.1459) is right on my Turning Point in the target area 1.1300-1.1459, as I previously suggested in another Post. First target/support (after topping): 1.09
ELLIOTT WAVES
The monthly chart shows four waves down. Wave-4 is completed and a new wave-5 downtrend might be starting soon. Note the target at 1.09.
The weekly chart displays a massive 52 weeks compression pattern (a-b-c-d-e) which encompasses the whole wave-4. Note the target in the area 1.1379-1.1459.
Besides, check the channel drawn on the weekly chart. The target displayed by the blue horizontal lines is actually just above that channel. NOTE that there was the predicted "Throw Over".
The daily chart shows the large Pennant which shaped "wave-e". This should be the very last leg up of the major wave-4 displayed in the weekly chart.
4-hour, click to enlarge
The Euro (now at 1.1459) is right on my Turning Point in the target area 1.1300-1.1459, as I previously suggested in another Post. First target/support (after topping): 1.09
ELLIOTT WAVES
The monthly chart shows four waves down. Wave-4 is completed and a new wave-5 downtrend might be starting soon. Note the target at 1.09.
The weekly chart displays a massive 52 weeks compression pattern (a-b-c-d-e) which encompasses the whole wave-4. Note the target in the area 1.1379-1.1459.
Besides, check the channel drawn on the weekly chart. The target displayed by the blue horizontal lines is actually just above that channel. NOTE that there was the predicted "Throw Over".
The daily chart shows the large Pennant which shaped "wave-e". This should be the very last leg up of the major wave-4 displayed in the weekly chart.
Monthly chart, click to enlarge
Weekly chart, click to enlarge
Daily chart, click to enlarge
Weekly chart, click to enlarge
Daily chart, click to enlarge
4-hour, click to enlarge
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