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EUR/USD: See What a Third-of-a-Third Elliott Wave Setup Looks Like

By Elliott Wave International

On February 28, long before "Liberation Day," Elliott Wave International's Currency Pro Service editor, Michael Madden, recorded a video for his subscribers with this chart and forecast:

"5 waves down from 1.0529 will complete this pattern. From there, we'll expect a dramatic reversal to kickstart a third-of-a-third advance. At this juncture, keep the immediate focus lower but on the lookout for wave ii to end."

Result: EUR/USD followed the Elliott wave script to perfection, reversing sharply and SKYROCKETING above $1.14.

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This article was syndicated by Elliott Wave International and was originally published under the headline EUR/USD: See What a Third-of-a-Third Elliott Wave Setup Looks Like. EWI is the world's largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.

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Wave Labeling

Wave labeling color code as follows (note – [brackets] used in lieu of circles for convenience sake) :
Grand Supercycle – BLUE – [I] [II] [III] [IV] [V] – [a] [b] [c]
Supercycle – GREEN – (I) (II) (III) (IV) (V) – (a) (b) (c)
Cycle – PINK – I II III IV V – a b c
Primary – BLACK – [1] [2] [3] [4] [5] – [A] [B] [C]
Intermediate – RED – (1) (2) (3) (4) (5) – (A) (B) (C)
Minor – BLUE – 1 2 3 4 5 – A B C
Minute – GREEN – [i] [ii][iii] [iv] [v] – [a] [b] [c]
Minuette – PINK – (i) (ii)(iii) (iv) (v) – (a) (b) (c)
Subminuette – BLACK – i ii iii iv v – a b c
Micro – RED – [1] [2] [3] [4] [5] – [A] [B] [C]
Submicro – BLUE – (1) (2) (3) (4) (5) – (A) (B) (C)
Miniscule – GREEN – 1 2 3 4 5 – A B C

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I like to blog about Elliott Waves. I can be reached at daneric40 AT comcast.net

Elliott Wave Update ~ 21 Dec 2022

Like I have been saying for about 6 months, this guy is probably the Antichrist of Revelation. As he wears the symbol of Baphomet on his shirt.

Again, this seems about the right count.

Posted on December 22, 2022Author Daneric

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