Today, I want to talk about EURUSD. What a chart! wow.
Before that, I want to remember It's not financial advice. so, just see and think about it. I'm just sharing my view and opinion of the chart. Please do your own research.
Don't waste time and Let's go into details 🌺🌺🌺
Based on the Elliot wave, we can count waves. each wave includes 5 microwaves and today I want to count the waves at EURUSD.
That's all we do. there is a very very important point in this chart and I want to tell you that.
Based on Elliot's theory, the second wave can retrace the first wave to a maximum of 0.618 Fibonacci. and if this retracement takes longer, we would expect to see an extended third wave.