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Old 10-05-2007, 02:30 AM
Alex Smith Alex Smith is offline
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Join Date: Oct 2007
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Default Wave analysis on EUR/USD-W1

This is EUR/USD wave analysis

At an H4 chart of the pair there is a version of marking of wave [C] within the second figure of Elaborate Correction by type of Double Combination with a basic cycle of one week of market data optimization.

Having continued discussing the question of return to main version of wave [C] development by type of Non-Standard Correction on the chart with one week optimization we have more detailed version of marking of Impulsive stage of wave [c] development within the second Zigzag of examined corrective row.
The main idea of wave [c] structure is the development of Trend Impulsion with the extension in the fifth wave. The feature of this structure is the segmentation of wave-(5) with the analogous development of this wave by type of Trend Impulsion with the extension in wave (v) of lower degree.
Taking into account the fact that the structure of wave [b] represents the Contracting Limiting Triangle, we have relatively reliable temporal line of wave-[c] completion according to the convergence of Triangle’s trend lines. Hence, the calculated time of wave-[c] completion is at least two weeks but considerably strong dynamics of development of Impulsion segment of wave-[c] has the history of more than three weeks and should be completed with the targeted levels above 1.4350 in short-term future. This seeming “precipitance” can be logically compensated by the development of Terminal Impulsion in wave (v) with a great possibility by type of development of Terminal Impulsion with the extension in the fifth wave. Described variant is the typical scenario of inclusion of such a figure to the fifth wave of larger Impulsive figure with extended fifth wave or in the case when the Terminal forms wave-c.
On the other hand up to the present moment we have one unsolved question of wave [C] structure. Will wave [C] structure represent Double Zigzag, Triple Zigzag or Triple Combination? The clarification of this moment is possible only after evaluation and determination of structure of development of wave activity after the completion of analyzing wave-[c] of lower degree.

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