EUR/USD H1 & H4 Update

This is new version on my count. I have presented  very similar one on Monday but  I got suspicious about wave (4) being so short. That did not look good to me that time and I wonder what if I will extend wave (4) a little, it still looked like a nice triangle and then ending diagonal wave (5) that tops the wave 3.
Well, as You can see: first thought – good thought. I’ve nailed a top but labeling was wrong  – it should be complete cycle of wave 1. I have been expectin’ one more wave to the upside ( look like I often expect that) to finish the sequence.
This is why my morning EUR/USD TPI was about buying the dip in anticipation of wave 5.

Right now current situation is on chart.

Take care,
Seb

About the author

Sebastian Seliga

Aktywny trader, analityk, ekspert metod inwestycyjnych bazujących na teorii fal Elliott'a, geometrii Fibonacciego i nie tylko.

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