Elliott Waves Counting Update 4H

Below 4h elliott wave counting,

The most clear picture will be eur/usd is in the Last wave,5th wave finishing 3rd wave(green)

But the ECB press conference made eur to fall in ABC sequence or is it 5 wave..

Green 1 - ab
Green 2 - ab
Blue 1 - minor A n B
Blue 2 - similar ECB press conference fall
Blue 3 - Striking thrust A n B ( also comparable to blue 1 - very identical )

Blue 4 - Most probably ended at trend line touch
Are we in Blue 5? or we are seeing blue 4 as flat?

Yet to be known..

RAY

Instead wave B Probability

The fall was shallow,


if it wasn't 1 to 5, was it failed? or is it ABC.. I will update it..

Target could be bit above of recent high 1.31200 or just below 1.31100

The Ecb Press conference after a failed diagonal and illusionary! diagonal as 1st wave

The most interesting thing was The irregulat wave 2
Its still should be look forward for wave pattern(above pic)

As pic shows, its impulsive diagonal !
if it is then the 5th wave of its should be equal of third wave OR a failed?

However, another wave pattern should be in concern for above pic

The last flight to 1.30600 before first fall of a great rise!

As above pic, wave C might be of An Impulse

Right now, I am predicting a rise leading to 1.30500/600 area making it last or 5th wave of a diagonal wedge making it 1st complete wave in a nested impulse.

Eur/usd aims 1.30600 at least before I can see a major fall but not much

Lets see.

Ray

Wave C Construction

Elliott wave counting of the recent trend change

A break of 1.300 is necessary to correct above pic.

On the opposite, if I can see eur falling from 1.30 around area, there is chance of 'expanding type' diagonal as first wave, making 1.300 area as 3rd wave of expanding type.

The Euro group meeting is still on today, Saturday and it will be held on Monday too.

This certain rising has been observed in the mentality of 'euro group meetings'


RAY.

The game is my wife. It demands loyalty & responsibility, & it gives me back fulfillment & peace. -Michael Jordan