Ewj: elliott wave

W as in Expanded Flat target...

Not a W of an a-b-c
:

 

Position reversed. Set stop at the last high. Target 1/3-2/3 retracement.

Simple "W" as "M" chart pattern.

 

Head and Shoulders pattern! Ready to go down another 250,25,50 points?:eek: As wave 4)c.1:3v?

Or prefer going up 1000,100,200 points as Minute 5)1.3?

 

About 50% retracement, prepare to reverse position if there is a higher high.

 

Not yet reversed. Wait for another higher high.

 

Oh! Bull trap avoided.

 

Another option is that Exp flat ( your W pattern) is the A wave of an a-b-c X wave....With this move back down being the B of the a-b-c X wave.

Still not sure where your seeing a wave 4 due to the other corrective pattern being a triangle

 

Again a chart to try and make that last post easier to understand :eek:

 

More like a-b-c than 1-2-3 now, because the first wave territory was invade by the retracement.

 

I think we are going down as 4)c.3:5i or 4)c.3:3iii.
Wave 4)c.3:4 may be expanding triangle a your chart.

Ah! URO/USD=1.4504