"Top and Bottom Analysis" EUR/USD by ThinkingAnts
4H CHART EXPLANATION:
Price is on a Wedge Pattern as the Main Structure on the 4h Chart. We can observe:
- ABCDE Elliot Pattern Completed ( on Elliot wave Theory this is a clear signal that the structure is finished ).
- Support zone made by A/C/E .
- Broken Descending Trend line .
We consider the previous items as Bullish Signals to be looking for long setups towards the Descending Wedge Pattern Trend line at 1.13741
Updates coming soon!
MULTI TIMEFRAME VISION
Weekly:
Daily:
Price is on a Wedge Pattern as the Main Structure on the 4h Chart. We can observe:
- ABCDE Elliot Pattern Completed ( on Elliot wave Theory this is a clear signal that the structure is finished ).
- Support zone made by A/C/E .
- Broken Descending Trend line .
We consider the previous items as Bullish Signals to be looking for long setups towards the Descending Wedge Pattern Trend line at 1.13741
Updates coming soon!
MULTI TIMEFRAME VISION
Weekly:
Daily: