In my previous FULL ANALYSIS post (see Related Ideas: "FULL ANALYSIS: EURUSD: Looking For Wave (c) & Wave (B) End"), I mentioned that prices are headed towards an ED (ending diagonal) in the wave Y of a complex WXY correction.
Here is a DAILY chart overview of what is happening just in case you're too lazy to go check out my FULL ANALYSIS (and why wouldn't you if you haven't?):
Now, I have tweaked that ED a little to better reflect the current price action so make note of that but overall, it hasn't changed my prediction.
WAVE COUNT None of the current PA has changed my wave count. Go check out that previous post for a full explanation on my wave count. As for now, this complex WXY corrective pattern is all within the wave (b) of the (a)(b)(c) wave c of the larger wave (B).
PATTERNS That POTENTIAL crab has now been COMPLETED and I'm still waiting on that POTENTIAL bat to do the same as I do expect that prices will "bump" up just a little more in order to complete that ED as well. Prices are still obviously within the PRZ of that completed butterfly.
MY TRADE PLAN Still patiently waiting for prices to complete both the ED and the bat. Once that is done....LOOK OUT BELOW! I'll be looking for PA to tell me when to get SHORT!
*DISCLAIMER: Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!
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Thank you for the idea Sir,
Great effort and professional explanation as usual (Y)
MartinLetacek
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I am really bad with these XABCD patterns. I tried to make this pink bat pattern of yours but when I checked the aspect ratios they seemed to be wrong based on some websites. Can you enlighten me the issue? BTW is the bat pattern already complete or not? Thanks a lot.
VimSharma
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I will make a separate post why ruro will only rise in medium term .
VimSharma
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EURGBP is breaking out as well .
VimSharma
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euro is going to rise only .it visible even as a layman ,no pattern is needed .))
Waver1
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Why do you draw patterns in your charts then?
VimSharma
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I said pattern is not needed here ,it does not mean patterns don't work ,and BTW ,no completed pattern in here yet .
Waver1
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Some people are just haters and just feel like talking.
Add value with your comments, arguments and posts or just be quite.
The guy has taken the time to post his analysis and I don't see you doing anything close to that!
VimSharma
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hahaa..............no need to be so serious ,I m not discouraging anybody to do anything ,I saw his post ,made a comment .THAT IS IT .No need to read too much into my comment .
VimSharma
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BTW there r few crosses like EURNZD ,EURAUD which r forming bullish crabs etc.that is another argument for that euro is going to rise .
Great effort and professional explanation as usual (Y)