The price has climbed significantly higher, but it’s still possible that wave 2 is underway, probably in the form of a zigzag . In this case, after a short break, the market is going to deliver the rest of wave ((c)) of 2.
As you can see on the 30m chart below, there’s a bearish diagonal, which is likely wave ((a)) of 2. Wave B turned out to be smaller than expected, so the current decline should be wave ((c)) of 2. In this case, we’re going to …
EURUSD – Downward correction to move on – June 16th, 2021 Continue to charts & full analysis »
The price has plunged, but the bullish scenario remains in force. It seems like there’s a diagonal, which is supposed to be the first wave of wave 5. Wave ((ii)) might have been in place, probably in the form of a double zigzag. If correct, …
GBPUSD – Second wave might be in place – June 16th, 2021 Continue to charts & full analysis »
There’s a diagonal, which is likely wave 1. Also, there’s an upward three-wave advance, which is supposed to be a part of wave 2. If correct, the market should continue unfolding the second-wave correction, probably in the form of a double zigzag. In this case, …
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 …
EURUSD – Downward correction to move on – June 15th, 2021 Continue to charts & full analysis »
It seems like wave B has finished as a double zigzag pattern. If correct, the last decline should be wave ((i)), so after a short break, the price is likely going to continue declining. The main critical level is 110.32 (the high of wave ((y)) …
USDJPY – Upward double zigzag finished – June 15th, 2021 Continue to charts & full analysis »
