Elliott waves for Forex correlation analysis

The option of a protracted downward movement, apparently, did not suit buyers. After another update of the minimum, the price rose sharply, showing intentions to try to start growing. The attempt may well be successful. Then the downward movement that has formed can be considered as a formed downw

The situation on the considered trading pair developed within the framework of the considered scenario during the past day. The price, under pressure from sales, fell deeper and updated the local minimum. Thus, the development of an impulse on a smaller price timeframe has probably been completed.

The price, as expected, tried to continue growing, but as soon as the local maximum was updated, sellers activated again, stopping the movement and pushing the price away from this extremum. But the rebound looks insignificant. More likely, this is just the beginning, and soon we will see a more i