Elliot wave idea for EURCHF
Hello world,
theory:
wave 4 pullback to outer channel.
We have:
- lots of price action indicating a high
- smaller candles at level indicating momentum loss
- oversold RSI
- Impulse wave pattern (longest wave - until now - 3)
- slow wave 2
- wave 2 didn't come below wave 1
- wave 2 at a perfect 51 % retracement
What I am waiting for:
- trying to catch wave 4
- at channel tipp trying to catch wave 5
Happy for any feedback.
All the best,
c4ss10p314
theory:
wave 4 pullback to outer channel.
We have:
- lots of price action indicating a high
- smaller candles at level indicating momentum loss
- oversold RSI
- Impulse wave pattern (longest wave - until now - 3)
- slow wave 2
- wave 2 didn't come below wave 1
- wave 2 at a perfect 51 % retracement
What I am waiting for:
- trying to catch wave 4
- at channel tipp trying to catch wave 5
Happy for any feedback.
All the best,
c4ss10p314
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