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this doesnt look like its going down, so after revising the pattern besides going down, here in smaller time frame we have the price is gonna brake that low with blue line and after that the correction that will follow will give us the next move. or it can run higher to form a diagonal as per chart.

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on a bigger time frame its clearly visible that here is the end of that down move, so here on smaller time frame i see a leading diagonal and a running flat corrective structure after it. also on eurusd looks the same so im keen for that.

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now in the chart iv showed the similarity of the corrections in the subwave and in main wave. the structure of the pattern is the same, so what is to be expected... very likely to be a running flat which means it should descend now in last wave and by going towards lower parallel it will shown divergence on oscillating indicators. by that red line will find a...

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this is a very bold prediction ahead of the NFP news... view may change in a second so plss dont stick to it for trading...

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is down move started? i guess so... so if it rejects from that upper parallel and drops down it will form a diagonal and will have high probability to consolidate between that white parallels which means it going more down and thats part of the first part of wave B

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cant be simpler than this! lowest point iv estimated a just bit lower so it can give expanded flat and....

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pardon me, i didnt take this in consideration... so instead of expanded also can respect that upper parallel and finish with running flat

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in the chart iv shown two scenarios. first is that we have completed structure as ABD which ended with diagonal marked with lines. but what confuses me is that doesnt look like ending diagonal so it also may be a part of a bigger structure, and well see that when we get there at that upper parallel, but for now we r going up... if there is interest ill proceed...

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so since we hit that orange line where it find support as per previous chart, now its too early to say but ill use most common structure which may occur, not necessarily same but need to be followed further.. in short term small down move is expected where it will find support at that yellow line and will finish D part of bigger diagonal structure, as shown on...

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i dont see any major news that can be catalyst for the eu till thursday when usd gdp is coming out. also in chart i see a corrective structure developing, and if the price stays in those red parallels it means we r going up.

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and there ya go, euro butterflied in to the last part of the cycle as per older chart...

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as per other chart i expect eu to go more up and this is where it will continue. i think it may consolidate till monday since we r in the end of the week. from the chart is clearly visible that im expecting to tag that small bottom and go up.

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im afraid not to ruin bulls joy but in medium term i see dollar down /check the comments/ and this might be the beginning of it as also ti have similarity with A wave. and cose of the similarity of those two up moves in yellow parallel im thinking this might be a running flat as in wave A and expecting a big down move, or at least it can drop down for ending...

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after rechecking this pair im more for this option and in comments i will follow it on smaller time frames and look for set ups.

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as update of previous chart if this turns more down as per chart, could be nice leading diagonal /it can be distinguished from the form of the returning of the wave D/ after which corrective structure will occur.

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reserve bank of new zealand is expected to cut rates, the structure also showing downward pressure and this is nice continuing of the past charts! so with breaking that orange line the structure is finished and can turn down at any moment (there fore needs to be followed in more smaller time frames) but im expecting some little more up to that blue line as last...

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now here we have nice leading diagonal. with pale orange pattern im showing resemblance between 1st and 5th wave, now retrace in the 4th wave in 50% of the 3th wave which is making difficult to distinguish will it be leading or ending diagonal, but that fast retrace from that lvl and leaving that long wick, and whole character of the structure is showing signs of...

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this as it looks with this wedge shaped corrective structure shows that it have exhaustion and this down move is nearing the end. so from the chart we can see that, that wedge shape form can be marked as 4th wave as corrective pattern of a motive wave. my expectations r that it will make lower low after which im also expecting more bigger up move, as per bigger...