EURUSD (EURO) Big Picture: How Could This Possibly Happen???

EURUSD (EURO) 042418 7:50 pm.

Hi trader friends, since this chart picture should replace a million words...

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Either the EURUSD topped or it is in a lower degree 4th Wave triangle with only one more pop up to a top, then down for 4-18 months once the top is confirmed.

Whether its a triangle with one more high or the 5th Wave already top, is likely to be resolved this week.

I expect one more wave lower on the intra-day charts to touch the lower trend-line of what may be a triangle within 1-3 days.

Then, the EURUSD will likely bounce in a small corrective rally, meaning a huge down move is imminent.

Or, the bounce will have conviction and break the upper triangle resistance for one more impulse wave high, then tank into a Wave 2 low months or longer away.

After the Wave 2 low in likely 4-18 months from now, then somehow, the US Dollar will likely be in deep trouble as the EURUSD should have a substantial rally for several years, if this is correct..

DISCLOSURE:
This analysis is meant for educational purposes only. You trade at your own risk!

Michael Mansfield CIO

Trade active:

EURUSD has likely confirmed the top as expected and should now have an ABC decline lasting 4-18 months, likely somewhere along the middle to later 2/3rds of that timeline. depending on the Elliott Wave pattern that unfolds and the
Andrews lines and cycles at each likely juncture. Michael Mansfield