EURUSD Ending Diagonal ABC Flat
This is based on NEO Wave rules.
Primary waves:
A was an ABC zig zag.
B was a WXY double flat combination.
C is turning into an ending diagonal move up in fve 3-wave moves to complete the flat.
Let's see!
Primary waves:
A was an ABC zig zag.
B was a WXY double flat combination.
C is turning into an ending diagonal move up in fve 3-wave moves to complete the flat.
Let's see!
Wave 3 has started out going higher than I expected. Neely states that wave 3 "Should not be much more than 61.8% of the first wave". This move went higher than that but less than 100%. It makes me suspicious, but I am continuing to play this count.
Wave B (of this wave 3) has begun and we turned down hard in price. I caught this short down, and have closed it here at 1.1169 because I expect us to bounce around upward for a bit now, and then back down.
Let's see how this plays out!