another expanded flat as a 2nd wave

...and now we have entered a 3rd wave in multiple degrees senario... If you check the previous post you will see that I expected a flat pattern to complete the big 2nd wave started at late January... I expected an expanded one but interestinlgy a running flat finally formed... that is even more eurusd bullish... Since mid march another 5 wave advance took place and got corrected by an expanded flat 2nd wave... So, everything now points for a 3rd wave in multiple degrees to take us to at least 13600 at first and higher afterwards...

Take care and trade safe..!

2nd wave isn't over yet

I know it's been a long time since I last posted an elliott wave analysis of the eurusd currency pair, but I have been kind of busy with some new techniques... Nevertheless, I have posted some counts in my twitter account, which you are all welcome to follow (@triantafx)... Now, to start with a statement: I have turned into a long term eurusd bullish scenario, since things in the USA, besides the latest recovery, reveal a really bad financial image, with usd poised to decline even more in the years to come...
Regarding the current eurusd movement i have the following to say: price action since 13th of Jannuary looks impulsive in nature with the 1st wave already over and the second wave taking the form of a complex flat correction (possibly expanded), not yet over... we seem to have some more downside to go for... target to end this correction lies in the fibo area as pointed out in the picture...