EURUSD – Fifth wave turned out to be longer – December 22nd, 2020

The market has been moving up since wave ((ii)) ended as a zigzag. It seems like there’s a flat pattern, which is likely wave ((iv)). If correct, the market should deliver wave ((v)) in the short term.

However, considering a triangle in wave (iv), a relatively small wave (v) of ((iii)) and a quite ugly flat for wave ((iv)), the current outlook is at risk.

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