Tuesday, January 7, 2020

#EURUSD 1 HR #ElliottWave Count

EURUSD 1 HR Elliott Wave Count

Looks like the circle B up was complete and the pair is working on the circle c down, price will need to stay below 1.12058 on any deeper corrections.

I believe we may see some consolidation followed by small moves lower for the 4th and 5th waves before a deeper correction.

Until the 1.1065 low breaks the blue b wave alternate is still an option here.  This move down now could be a small c wave for the blue b.

EURUSD 1 HR Elliott Wave Count
EURUSD 1 HR Elliott Wave Count