Tuesday, January 14, 2020

#EURUSD 4 HR #ElliottWave Count

EURUSD 4 HR Elliott Wave Count


Not much changing here yet today.  The big picture here is that I expect the pair to continue a corrective move higher as long as 1.08792 holds.  How that corrective move plays out exactly is hard to say and predict at this point.  Continue to look for higher highs/higher lows.  If the 1.10663 low gives, it does not mean the corrective move higher is complete but a different Elliott Wave pattern is playing out.  If that low gives I might consider this LEG of the correction complete and look for a 3 wave move down for an X wave before higher again.  AGAIN, the main level is 1.08792.

EURUSD 4 HR Elliott Wave Count
EURUSD 4 HR Elliott Wave Count