EURUSD has two cases.
1. When the daily upward wave ends and the weekly correction occurs. However, since the shape generated from the peak is an expanded correction, a deep drop may occur. If the rebound succeeds in the weekly demand zone, the weekly uptrend will continue, and if not, the monthly downtrend will come out as it comes down from the monthly supply zone.
2. This is the case where the daily rising wave continues. Therefore, even if a retracement occurs because the weekly demand zone rises more to the top, the probability of a successful rebound and the probability of a weekly uptrend increase. Likewise, if the rebound fails in the weekly demand zone, the monthly downtrend will be deep.
1. When the daily upward wave ends and the weekly correction occurs. However, since the shape generated from the peak is an expanded correction, a deep drop may occur. If the rebound succeeds in the weekly demand zone, the weekly uptrend will continue, and if not, the monthly downtrend will come out as it comes down from the monthly supply zone.
2. This is the case where the daily rising wave continues. Therefore, even if a retracement occurs because the weekly demand zone rises more to the top, the probability of a successful rebound and the probability of a weekly uptrend increase. Likewise, if the rebound fails in the weekly demand zone, the monthly downtrend will be deep.