empty
 
 
03.12.2021 12:11 PM
Wave analysis for EUR/USD on December 3, 2021

The US unemployment rate and changes in the number of people employed in the Nonfarm sector will be released today at 13:30 Universal time. This will be followed by the US Non-Manufacturing Purchasing Managers Index, which will be released at 15:00 Universal time. This important news may affect the market.

EUR/USD, H4 timeframe:

This image is no longer relevant

According to Elliott's theory, the formation of a triple zigzag W-X-Y-XX-Z can be observed. The middle part of this pattern, that is, the acting wave Y is currently under development.

Wave Y assumes a simple zigzag, which consists of three main sub-waves [A]-[B]-[C]. Wave [A] took the form of an impulse and was completed at the end of August, after which there was a correction within wave [B]. Following the end of the correction in wave [B], the price began to impulsively decline in the sub-wave [C], which is still in the process of development.

Wave [C] consists of sub-waves (1)-(2)-(3)-(4)-(5). Now, we are in the final part of the third impulse, that is, below 5. There is an assumption that the price in this wave will decline to the level of 1.1140, where the magnitude of wave 5 will be 50% of wave 3. After that, a small correction (4) is expected to develop, as shown in the graph.

Currently, it is recommended to consider opening sell deals in order to take profit at the specified level.

Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $1000 más!
    ¡En Abril, sorteamos $1000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback