Ewj: elliott wave

[mu200411]

USD UP .
Everything else is DOWN :eek: .

 

[mu200411]

The DOWN move looks impulsive :eek: .
Five waves DOWN, three waves UP .
There may be another five waves DOWN to 1147.

 

[mu200411]

USD/EUR may be going UP to 0.78 .
EUR/USD may be going DOWN to 1.26 .

 

[mu200411]

The UP move looks corrective .
There is some more room DOWNWARD .
Note: Head and Shoulders pattern.

 

[mu200411]

Wave 3]1)1.2 might have ended and we are going UP as Wave 3]1)1.3:1iii .
Or there may be one more DOWN wave, Wave 3]1)1.2:e, to lower low .

 

[mu200411]

USD/EUR may be going UP to 0.78

 

[mu200411]

This UP move looks corrective :eek: .
There may be a lower low .

 

[mu200411]

Looks like Head and Shoulders pattern .

 

[ammo]

Quote from mu200411:

This UP move looks corrective :eek: .
There may be a lower low .

nice call mu

 

[mu200411]

Thanks ammo,
mu.

Head and Shoulders pattern confirmed .