AW Euro Dollar Analysis - Normal 5-Wave Move Since Lows...
It has become obvious that this whole move up is just a normal 5-Wave move.
After noticing the small Wave A at the highs, it became clear that it must part of a smaller degree correction.
After all the analysis done so far, it just goes to show there is nothing weak about this move.
It's the first Wave of a large incoming trend therefore we need to stay on top of every single wave so we know what comes next.
I believe we are now in Wave 4 of this initial first wave.
This is one of the pitfalls of fractal patterns, one must stay on top of every move and identify the waves correctly as the pattern evolves.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
After noticing the small Wave A at the highs, it became clear that it must part of a smaller degree correction.
After all the analysis done so far, it just goes to show there is nothing weak about this move.
It's the first Wave of a large incoming trend therefore we need to stay on top of every single wave so we know what comes next.
I believe we are now in Wave 4 of this initial first wave.
This is one of the pitfalls of fractal patterns, one must stay on top of every move and identify the waves correctly as the pattern evolves.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
