Fudge55

Fudge55 Updated 

On the weekly continuation chart a WXY correction ended last week and we got a bullish engulfing candle. There are three wave moves to the downside and upside which means it is now struggling to create a clear five wave moves, but it is still pushed upwards. This can form an ending diagonal pattern, but is not finished yet, at least one abc to the upside is needed.

Fudge55 Updated 

On the weekly chart we can see that the green demand zone is very strong so it looks like it doesn't want to go much deeper. It can be that the wave 4 sequence is finished with a WXYXZ formation, but i have doubts. Indicators show that it may need more time to finish the sequence. Currently we have a strong impulse which could finish around 1830 and we should have...

Fudge55

It seems to me that EUR wants to complete its move to the upside towards 1.28-1.30. The current movement could be wave 5 of C as the last leg down of a flat correction. A bullish slingshot is forming which supports this idea.

Fudge55

From the 2016 low, we have a series of abc sequences. Assuming that the low is in place, this could lead to a big leading diagonal, currently in wave 4 which is yet to unfold. We need to go more to the downside to complete the C of 4, at the end we can have a bullish slingshot to go up. If it goes through the orange zone with an increasing speed, that would be a...