Elliott waves analysis

As expected, after completing the development of Wave 1, which took the form of a classic impulse, the price retraced and entered a correction. Throughout the past day, the rate fluctuated within a narrow range, and there's still no certainty that anything will change today in this regard. The mos

Yesterday's trading day for this pair was also quite calm, similar to EUR/USD. The price didn't make any sudden jumps, preferring to stay within the zone where it had traded previously. This type of trading is likely due to the development of a correction. At the moment, it can be assumed that the

The price dropped quite well, strongly indicating a change in trend. This was expected, as it was previously suggested that a large upward zigzag, with an ending diagonal triangle in Wave 5 of (c), had completed. The current decline, apparently, also has an impulsive character and appears incomple