EURUSD indeed fell below 1.16 (almost claim 1.15!) and rebounds since.
We are now in Wave (4).
Where and when can we expect Wave (4) will end?
In terms of price target, around 1.867 seems a good target area:
1. From Wave (4) = 0.618 x (3), 1.18793
2. From A = C in Wave (4), 1.18667
If stretched, it may go up to the previous Wave 4 extreme, around 1.2.
I was wondering if Wave (4) moves too fast and may take less time than Wave (2). Usually Wave (4) spends similar or more time than (2).
However, I realised that in Wave (3), Wave 4 spent only half of the time Wave 2 spent. If we assume the similar time relationship between Wave (4) and Wave (2), then we may see the high in this Wave (4) on around June 11.
Once Wave (4) is over, Wave (5) decline will start. Wave (5) targets can be discussed then.
More charts can be found at www.white6intelligence.com
We are now in Wave (4).
Where and when can we expect Wave (4) will end?
In terms of price target, around 1.867 seems a good target area:
1. From Wave (4) = 0.618 x (3), 1.18793
2. From A = C in Wave (4), 1.18667
If stretched, it may go up to the previous Wave 4 extreme, around 1.2.
I was wondering if Wave (4) moves too fast and may take less time than Wave (2). Usually Wave (4) spends similar or more time than (2).
However, I realised that in Wave (3), Wave 4 spent only half of the time Wave 2 spent. If we assume the similar time relationship between Wave (4) and Wave (2), then we may see the high in this Wave (4) on around June 11.
Once Wave (4) is over, Wave (5) decline will start. Wave (5) targets can be discussed then.
More charts can be found at www.white6intelligence.com
