EUR/USD. Correction in the final diagonal triangle. | 26 September 2024
26 September 2024, EUR/USD
The price began to be thrown around and tossed from side to side. At the same time, everything seems to be within the framework of the assumed scenario. The sudden decline after a slight update of the local maximum is likely due to the development of the corrective wave 4 in the forming final diagonal triangle.
If this is indeed the case, the subsequent decline will continue, and we are likely to see the formed zigzag, approximately as it is schematically indicated on the provided graph. There is little reserve in this movement, so it is not recommended to consider the current situation for trading yet. It is advisable to wait for the completion of this corrective decline and seek buying opportunities during the development of wave 5.
Investment idea: flat.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
