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EURCAD: Elliottwave Structure calling for more lows after wave b bounce

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 29, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    Short term Elliott Wave view suggests decline to 1.4439 ended wave (w) and bounce to 1.4668 ended wave (x) as a FLAT. Pair has since resumed in wave (y) lower with the internals unfolding as a zigzag. The first leg of the decline wave (a) is in progress as 5 waves. From 1.4668 high, the decline so far looks to be in 3 waves and thus after wave iv bounce is complete around 1.445 - 1.447 area, pair has a chance to do another swing lower in wave v towards 1.43 area to complete wave (a). Once wave

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