EURUSD 1D Elliot , Trend lines , S&R. SHORT, as i see the price is making wave "(v)" and "A" to around TP 1.15 once it gets there i expect a correction to wave "B" around 1.17 and then wave "C" to TP 1.13
You may see my 1W analysis below
@-Jong, I guess you may be right, anyway for me to considered the Wave 3 the way i do is because at it's pick it has a divergence against wave 5 in the MACD as for the waves (1) to (v) i might consider moving the wave (3) to 1.1450 but anyway i don´t think that is relevant. Thanks for your comment
@TimStuyts, i agree this may be the right analysis, maybe i got so much thinking in the Head&Shoulders ratio i actually tried to make my analysis to fit that scenario, i'll be taking a close look to see how it evolves. THANKS
@anasomar, It does a little, however some authors say that highly leverage markets as FOREX is, may have this situation. For me since the overlapping occurs with only tales and not with candle bodies the analysis is still valid. I know some people disagree on this point and i respect that.
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