Wave (ii) has finished as a double zigzag a little bit above the 0.618 retracement level. Today’s advance is likely the first wave of a larger third-wave advance. If correct, after a short break, the market should begin unfolding wave iii.
The market is moving sideways, so we can’t rule out a further unfolding of wave (ii), probably in the form of a double zigzag. In this case, we should still watch the 0.618 retracement level as a potential target for the second-wave correction.
The current decline subdivides into three waves, so it seems like wave (ii) might take the form of a zigzag. If so, we should watch the 0.786 level, which could act as support.
There’s a five-wave decline, which is supposed to be wave (i). It seems like the ongoing wave (ii) is taking the form of a zigzag. In this case, we should keep an eye on the 0.786 retracement level as a potential intraday target.
The second-wave correction might have finished in the form of a zigzag. However, as long as the pair is below 1.1905, the further wave 2 unfolding will remain possible. More on intraday updates: https://www.elliottwaveforex.com/category/eurusd/
It seems like wave (2) might have finished in the form of a double zigzag. At the same time, until the market breaks 91.93, we can’t rule out a further advance. More on intraday updates: https://www.elliottwaveforex.com/category/dxy/
Wave (2) turned out to be longer. It seems like there’s an upward impulse, which is supposed to be wave ((c)) of Y. As shown on the 30m chart below, the market is likely going to break the high of wave iii during the fifth wave unfolding.
The market is still unfolding wave (2), possibly in the form of a double zigzag. As shown on the 30m chart below, there’s a possible extension in wave (iii). In this case, we’re likely going to have the rest of wave v of (iii) in the short term.
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