FX.co ★ mdouglas | Wave Wisdom: Mastering the Art of Wave Marking in Forex!

Regarding EUR/USD, after the pair finished the second wave in the third in (c) in (2) in (C), it went through a triple down, and it is necessary to make one more wave down to finish the preliminary third in three in (c) in (2) in (C). Therefore, I assume that currently the pair is completing the fourth wave in the third in three in (c) in (2) in (C) as a flat correction. After this, we will continue down with the fifth wave in the third in (3) in (c) in (2) in (C). There might be a small pullback upwards, which I do not exclude, but it will not be significant. Nonetheless, by the evening, I expect the continuation of wave (3) in (3) in (c) in (2) in (C). If we rewrite the nearest maximum during the pullback upwards, we will have to reconsider the labeling options. However, the pair is currently bearish in the medium term, so the options are still bearish, even in case of a review.