Euro Weekly Forecast EWA: Bulls Says - Bear Says......

[bulls&bearsfx]

Euro Weekly Forecast EWA: Bulls Says - Bear Says......

Down and down for the euro this week, and two version of the chart counting, a bullish and a bearish. Both are expecting confirmation.
Bulls Says: The wave 4 is in progress as a zig zag, where the wave ((a)) was a strong five wave decline, corrected by a weak wave ((b)) zig zag, and down in ((c)) with swings choppy and overlaped, taking the form of an ending diagonal (the same is happening with the usd/cad). Wave 4 retraced to the 0.5 of 3, dont broke the upper line of the base channel, and is bottoming inside the (iv) wave two lesser degrees, as the guidelines for three waves extended mark. The break up of 1.3122, advice us that wave 5 is in progress.
Bear says: The primary wave ((1)) finish with a high in 1.3666, being in progress the wave ((2)) of same degree. Wave 1 finish with a low in 1.3023, being the wave 3 in progress. This wave 3 is a complex wave with marked subwaves, where the first two waves are finish, being in progress the third wave. The alternate counting show a leding diagonal wave 1 in progress.

Euro Weekly Forecast Elliott Wave Analysis (edited by Matias Menendez Larre)

EWI Free Week of Forecast

[bulls&bearsfx]

Bulls says: Zig zag wave 4 still in progress. Wave ((a))/((w)) simple. Wave ((b))/((x)) take the form of a running triangle, where wave b finish low against the wave a bottom. And wave ((c))/((Y)) is in progress. One more leg down is expected, to complete five waves down.

Bears says: NO change in counting. Wave 3 is in progress.

Euro Weekly Forecast Elliott Wave Analysis (edited by Matias Menendez Larre)

EWI Free Week of Forecast

[bulls&bearsfx]

Look the intraday chart, there you can see the new counting, that show the overlaped area as a runing triangle. The triangle ony appear like wave b, x, or 4, preceding the last leg of the trend. Then, if the counting is correct wave 4 is bottoming. A break of 1.3092 advice that wave 5 is in progress.
Keep in mind the alternate counting.

Euro Weekly Forecast Elliott Wave Analysis (edited by Matias Menendez Larre)

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[bulls&bearsfx]

The counting continues this way. Wave ((a)) or ((w)), corrected by a wave ((b)) or ((x)) running triangle. If the leg in progress is a wave ((y)), it finish at 1.2730, but if is a wave ((c)) one more swing down is needed to complete a five. You can see it at the intraday chart

Euro Weekly Forecast Elliott Wave Analysis (edited by Matias Menendez Larre)

EWI Free Week in Progress!!!! US market - Euro - Dollar Index - Dow - Nasdaq and more....