Elliott waves for Forex correlation analysis

The price did not immediately move downward and instead attempted to rebound from the previously established local low. However, the bounce was weak, and eventually, the decline resumed, bringing the price back to the same level. This time, the movement is unlikely to be stopped, suggesting a furt

No significant changes have occurred recently. The price continues to hover near its previously established all-time high. Each attempt to break higher is met with strong resistance from sellers, though they are currently only containing the upward movement rather than reversing it. Eventually, on

The situation for this trading instrument remains calm and unchanged. The price once again stayed put, choosing not to leave its current range. As a result, the wave structure and expectations remain intact. The upward impulse is still assumed to be complete or nearing completion, which suggests a