EURUSD ElliottWaveCount Daily

FX:EURUSD   Euro / US-Dollar
746 6
Expect the down move. Wave Count is available on the chart. If you a question, please leave a comment and I will try to answer. Thanks!
Hello I also am such analysis 3 waves is the extension of the wave
@qwer58, let’s wait for the next wave! Now it looks like that Market has no power to push price higher
I had a similar count originally but I spotted 2 things that you haven't factored in.

1. You wave 2 and 4 are both ZZ which is incorrect as rule of alternation hasn't been taken into account.
2. Wave 5 is an ending diagonal (terminal move) so I think we're going down down down.

donaldsaw donaldsaw
@donaldsaw, Apologies - I had my impulse all over the place.

+1 Antworten
Guerrera donaldsaw
@donaldsaw, hello! Thanks for your reply! I agree with your options as well. Good thing is that we are both thinking it will go down. After the next wave down, we could define the power of wave and determine the future direction.
donaldsaw Guerrera
@Guerrera, Let's see what today (NFP) brings!
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