EURUSD – Downward correction to move on (+ Daily) – June 13th, 2021

As you can see on the 30m chart below, there’s a bearish diagonal, which is likely wave ((a)) of 2. It turned out that the last advance finished as a five-wave structure, which is supposed to be wave 1. If so, the price should begin a local upward correction – wave ((b)) of 2. A decline in wave ((c)) of 3 will take place a little later on.

Scroll to Top