First zigzag at 1.24870, correction could be deeper

Below picture, watching it carefully..

Above picture, Yellow W is first zigzag ended, we are going to see down-side correction..

WHITE Y is consisting of extended C..

This means, correction could be deeper around 1.23900 area but Surely another zigzag is in position.


Ray.

The sharp rise as wave C, a double zigzag

The descending-ascending triangle speculation is Right but in an inherent minor view.

Above picture,
Green wave A has been imposed, it has surely set target for wave C.
Wave A's is 144 pips.
Thus 1.618 times wave A equals 1.25285.
Or 2 times wave A equals 1.25810 area.

1.25285 is just below 38.2 % retracement, failure reaching this target indicates pressure for final 5th wave.

Green B is a triangle, I can see the rise after its wave e ended.

This rise indicates a zig-zag formation already opposite of supposed impulse !
It should be double zig-zag, I will portray the Last wave C of the second zigzag.

The symmetry of corrective A and B waves

Wave A (Grey circle)was supported with two zigzags and cleared major ideal target, it is also containing two irregulars which balanced the force.
Wave B(blue square) is side-ways triangle.
The while line symmetrically crosses highs and lows in above graph.
What I am looking for is wave C's formation..very very interesting.

The blue square is a side-way correction, as I wrote in previous post, last leg E could be itself a triangle, a fall around 1.230 area is enough to to prove it,

The target for wave C

Now I will see the spike for up-side in eur/usd for the next week
Wave A's 0.618 is around 1.25500 & 38.2% retracement of 3rd wave is as well at 1.25500.
And importantly the target for wave C.

What kind of wave it could be?
It shouldn't be those double zigzags since its a different phase coming.
I am most probably betting an Impulse from 1.22600 area...
Its a bet, but it could be anything..

You soared & roamed
You soared(A) & confused(B)
Now Roar(C)?

You got direction, you are starving for it. what you will do?

Ray.

(just a probability)

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