The most popular count on the EURUSD also subscribed to by major EW services is as below.
The Problem here is the red C wave that begun in May 2014 should have been 5 waves. This was all in order till the move from March 15, 2015 (1.04584) to March 27, 2015 (1.10558) which was supposed to be a 4th wave landed up extending its self into October 2015 and now is not symmetrically relevant to the whole pattern as a 4th wave. Breaking of the 1.04584 will anyway invalidate that count.
I therefore present an alternate count. An ABC with C as an ending diagonal of which 3 waves are definitely complete.
The 4th wave is most likely complete. The 5th wave A seems complete with a B and C pending and targets somewhere between. 1.04 and .9800.
I therefore present an alternate count. An ABC with C as an ending diagonal of which 3 waves are definitely complete.
The 4th wave is most likely complete. The 5th wave A seems complete with a B and C pending and targets somewhere between. 1.04 and .9800.
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