ANALYSIS

Home Analysis Wave Analysis

WAVE ANALYSIS

W1

The daily chart of the pair represents a marking version of {d}-segment of NeoWave Reverse Alternation Triangle with basic cycle of weekly market data optimization period.

The events of the previous week confirmed expectations of (B)-wave termination and at this point, it is logical to anticipate development of (C)-wave as its commencing was indicated in the middle of the previous week.

When estimating the target levels, we should take into account the fact that (C)-wave should retrace at least 61,8% of (B)-wave, however, at the same time, (C)-wave should not be longer than (A)-wave. Otherwise, the type of the pattern terminating Double Combination would require revision.

EUR/USD-W1:

Work chart:


CONTACTS

+44 20 8133 87 01
Contact Form

Refer clients and get paid when they tradeGo short and earn when stock market fallsComprehensive approach to market research