Weekly eur/usd Channels update : Triangle

Above pic eur/usd weekly
To fix the Triangle's wave E (from 1.2400), there has to be unique 2 separation of the leg E
The first one has not finished, the yellow cross mark suggest first major break of the rise since 1.2440(the begining of E), 1.37400

Then eur should reverse back in very impulsive manner to 1.33900 - 1.31500 /

From there is C wave begining of very sharp diagonal making last wave of triangle.
TARGET NO More than 1.46500.

In order to excel, you must be completely dedicated. - Willie Mays

Ray.

Charting wave E of descending(+ascending) triangle (updated)

It look like I was correct about the descending triangle forming as Major wave B.

This triangle's waves are constructed with double zig-zags, I guess wave E, the last wave of this triangle should be double zig-zag as well..

It has finished wave W as first wave for wave E.
With a ending diagonal as wave a ( interesting ) with b and c @ 61.8% ( Nice spike)
We are surely headed towards wave Y, which will full-fill the requirements for wave E

Another probability :- this white W might be wave A of another triangle in this ascending-descending triangle
making wave E as triangle it self.
Just because wave white X has retraced 61.8% percent of white wave W.



Ray