EUR/USD: developing wave a of (v)

EUR/USD: developing wave a of (v)

2019-11-11 • Updated

Image20170714112445001.png

There's a developing ending diagonal in wave [v] of C. Inside this pattern, wave (iv) may have been formed. So, there's an opportunity to have wave (v) of [v] in the short term. In this case, the high of wave (iii) is likely going to be broken soon.

Image20170714112445002.png

As we can see on the one-hour chart, we've got a double zigzag pattern in wave (iv). Also, there's a developing wave a, which is likely going to be ended on 7/8 MM Level, which could be a departure point for wave b of (v).

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