#EURUSD Elliott Wave Analysis
EURUSD 🇪🇺🇺🇸 - (https://s3.tradingview.com/snapshots/2/2RFTmIN3.png)
One clean impulse lower. Then a long, messy correction. That's how markets breathe.
The 5-wave decline into (5) isn't up for debate. That part was clean. What came after is the WXY correction that's been grinding since, testing every ounce of patience traders have.
Y wave is now stretching into the 0.618-0.786 zone (1.15xx). Wave 5 of (C) completed there, and price is already curling back down.
Invalidation sits above at 1.16220. Above that, this corrective read is wrong. Below it, the door stays open for the next leg down.
Impulses move the market. Corrections just make you doubt it. Amateurs see the chop of Wave 4 or Y and start calling for reversals. We map the invalidation and wait for structure to confirm.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Elliott Wave analysis involves subjective interpretation. Always do your own research and manage your risk accordingly.
Get Full Coverage for All 27 Instruments
Premium members receive daily wave counts with entry zones, targets and invalidation levels. Plus scorecard tracking for every published analysis.
View Premium Plans
