EURUSD

According to the bullish outlook :

EURUSD appears to be completing the corrective sequence as the wave B, in an expanded flat formation.

In a closer view, the wave c(circled) of B may still be underway, and the rise in following impulsive wave C is likely ahead…

Expanded Flat :

“When wave B is more than 105 percent as long as wave A and wave C ends beyond the end of wave A, the entire formation is called an expanded flat.”

EURUSD - Intraday 600EURUSD - Intraday 240

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s