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EUR/USD. The price may be forming the final diagonal triangle in wave 5.

EUR/USD. The price may be forming the final diagonal triangle in wave 5. | 24 September 2024

24 September 2024, EUR/USD

EUR/USD. The price may be forming the final diagonal triangle in wave 5.

The price stubbornly refuses to rise and rebounds down from the previously established local maximum yet again. It looks like things are moving towards the development of the final diagonal triangle as wave 5 in the assumed uptrend impulse.
But for this, it is still necessary to grow and update the current maximums in the near future. Whether this can be achieved will become clear soon. For now, it is necessary to take a break from active trading and watch how events will develop from the outside.
It is quite possible that positions will have to be opened for sale upon the completion of the formation of the observed uptrend impulsive movement.
Investment idea: flat.
Bob Stan
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