JWagnerFXTrader

EURUSD Pivots Near 1.1330 Wave Confluence

看空
FX:EURUSD   歐元 / 美元
This pop higher on the Fed minutes may be enough to put the finishing touches on a minor corrective wave higher. There is a confluence of wave relationships near 1.1308-1.1340.

  • 61.8% of the Sept 18-22 down trend = 1.1323
    (c) = (a) = 1.1317
    Blue corrective channel trend line = 1.1340
    Wave y = .618 * w = 1.1308

Therefore, we are anticipating another down leg of similar proportion (or greater) than the Sept 18-22 move (350 pips). That would place an initial zone near 1.1000...a nice round number.

Sentiment is -1.45 and hasn't moved much over the past few days. It's not a real extreme figure.

If prices do bound higher out of this price zone, the next level of resistance is 1.1380-90.

Happy Trading!

Are you ready to learn Elliott Wave? Take our Free Elliott Wave Readiness Assessment: bit.ly/EWreadinessquiz2

www.seethewaves.com - A school to learn how to read charts & Elliott Wave Theory.

EW Express - bit.ly/elliottwaveexpress
免責聲明

這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。