The Hurricane called Expanding diagonal as 5th wave!

Eur/usd has invalidated the A=C for its forth wave construction.

wave A=400 pips, Wave B=200 pips, Wave C =?

There are two possibilities   C = 1.618*A   OR  C = 2*A.

If C = 1.618*A then Target is 1.28870  OR IF


C = 2*A then the Target is 1.3040.
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This is a expanding diagonal as 5th wave and its 5th wave is throwing everything UP Side..

In this entire correction as ABC, as A and B were double zigzags.
Wave C's  A is diagonal impulse, Wave B is double zigzag
and wave C's wave C is impulse with its 5th wave as diagonal and diagonal's 5th wave is the most strongest in the entire correction.

Its a Throw over, a reaction where it is more effective while its ending !
A expanding diagonal.

A great similarity & The departure points for dangerous fall ahead

As my A=C=400 pips counts was 1.26390, Eur/usd continued to 1.26360.
But it still lacks some 3 pips !

I should be 100 percent sure about Eur/Usd NEVER going above 1.26390 area, if it is going to be A=C !

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The above picture is Daily chart of eur/usd. As a major count, we are in extended 3rd wave's 4th wave.

In above pic, where there is white arrow, there is white wave 4. This white wave 4 is very similar to current yellow 4th wave.
White wave 4 was double zigzag's construction Only.
This wave 4 contains double zigzags but not everywhere.

As a saying in elliott wave analysis literature, There are violence after every diagonal in other trend.
The case of Gbp/usd - this pair is looking forward for 3rd wave down, indicating some strong violence ahead for everything against US dollar..

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.