The flat correction as wave 4

A flat correction as wave 4 in last wave C.

Below speculated diagonal wedge as wave C of this 4th wave..

As my previous post, this wave 4 should end around 1.242,, area.

ABC for wave 4

The wave counting for 4th wave (of 3rd major wave)

Its been a very complex to speculate, isn't it?
But it hasn't been that!
As I said in previous post about daily chart need a 5th wave up......



The Entire wave 4 is not WXY ( double zigzag )
Its double zigzags + double zigzags + An Impulse !

Yellow wave A = double zigzags (aqua a) + double irregulars (aqua b) + double zigzag (yellow A)
   Yellow wave A = 400 pips.

Yellow wave B = double zigzag (where c = 2a)
   Yello wave B = 200 pips

As rule, wave C in ABC correction should be impulse or diagonal.

Here, Yellow wave C is extended in its 3rd wave (white 3).

Is there white wave 4 ended at 1.24600..

No, it will end around 1.24200 area...! ( target for buy! )
Then a extended white wave 5 begins or a ending diagonal.
Target 1.26300 area ( where Yellow wave C = 400 pips )

Target for wave C Final

Below a daily chart clearly showing last wave 5 in need.

The target according to wave C=wave A is 1.263 area.

From the start of the wave 4 to speculated end 1.263 area..

Previously, I wasn't sure about eur/usd being in impulse of C wave down, it was Usd/chf lately realised me that..

If you are looking to sell euro for long, you will have to pay carry trade interest.

Advise is look for buying Usd/chf.

Target for wave C (updates)

The 4th wave's A is 400 pips.
Wave B is 200 pips
IF wave C = A then Target is 1.26391

A clear break of 1.2580 will trigger that target.

It has invalidated 0.618 relation
1.618 could be invalid according to time.

The recent decline from 1.2580 area is in ABC..expect its making a diagonal in bigger time frame.
Wave C must be an Impulse or an Ending Diagonal.

Elliott wave flow chart

A new dimension

Above picture White W fixes a square.
White Y contains two triangles, increasing triangle A connected decreasing triangle C

In ABC corrections, wave C should be impulse, my first impression was an Impulse...

This one started as double zigzag ( a single zig-zag in bigger time frame )

Wave A = Double zig-zag
Wave B = A Triangle
Wave C = A zigzag +?

I need target of 1.25285


Ray