This is my Elliott wave idea about EURUSD on the Daily chart.
In my chart, I show the difference in hierarchy in color.
This time, I readjusted the hierarchy of waves.
I thought that the “wave (5)” shown in red would be extended (as of Mar 10th).
But I thought that the “wave (5)” completed with a red circle on my chart.
The combination (WXY) is “wave (B) "(Black).
I think that we are in the “sub wave (3)”of “wave (C)”.
If the assumption is correct,
The “sub wave (3)” of “wave (C)” will grow to the levels of 1.095-1.080.
In this scenario, stop loss level is 1.145.
In my chart, I show the difference in hierarchy in color.
This time, I readjusted the hierarchy of waves.
I thought that the “wave (5)” shown in red would be extended (as of Mar 10th).
But I thought that the “wave (5)” completed with a red circle on my chart.
The combination (WXY) is “wave (B) "(Black).
I think that we are in the “sub wave (3)”of “wave (C)”.
If the assumption is correct,
The “sub wave (3)” of “wave (C)” will grow to the levels of 1.095-1.080.
In this scenario, stop loss level is 1.145.