There has been some speculation this week over EURUSD, whether it's about to go up or down or sideways - here's my bet, I would like to ask the dealer to place it on "Red".
The uptrending structure that has been developing since Sept 23rd consists only of zigzags, it's a 7-wave structure so far, so the only thing that comes to my mind in terms of its interpretation is it's an a-b-c, with 'a' being a zigzag, and 'c' being an ending diagonal.
'b' retraced 0.886 of 'a', so the door is open for a flat correction with 5 waves in 'c'. My conclusion is - it's a flat, and it's about to be completed.
The uptrending structure that has been developing since Sept 23rd consists only of zigzags, it's a 7-wave structure so far, so the only thing that comes to my mind in terms of its interpretation is it's an a-b-c, with 'a' being a zigzag, and 'c' being an ending diagonal.
'b' retraced 0.886 of 'a', so the door is open for a flat correction with 5 waves in 'c'. My conclusion is - it's a flat, and it's about to be completed.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.