Be careful !! Possible bull trap !!
Be careful, this market doesn't have to rise!
The Elliott wave theory says that a triangle or a flat / zig zag can arise here, only the market can show us what it is.
In my count, this currency pair is in a wave 4. It is possible that a very strong sell-off can take place, which falls through resistance without much effort.
I prefer to draw a running flat here because it seems most likely to me.
A triangle or an expanding / irregular flat can also arise.
The Elliott wave theory says that a triangle or a flat / zig zag can arise here, only the market can show us what it is.
In my count, this currency pair is in a wave 4. It is possible that a very strong sell-off can take place, which falls through resistance without much effort.
I prefer to draw a running flat here because it seems most likely to me.
A triangle or an expanding / irregular flat can also arise.