ANALYSIS

W1

On the daily chart of the pair a version of marking of the alternative waves "{d} or {iv}" with basic cycle of optimization of market data in one week is presented.

The events of the last week did not clarify anything concerning (g)-wave “destiny”, as well as (5)-wave structure of Terminal Impulsion. Though, the estimated (x)-wave formation was confirmed according to its time and amplitude, nevertheless, the further rate rise did not mark the sufficient dynamics and amplitude that could be correlated to the first bullish waves of previous Diametric three ones.

As the result, now it is more logical to expect Diametric (g)-wave incompleteness, whose structure is presented by the attachment of chart fragment with daily period of data optimization.

As the observation, it is interesting to pay attention that the duration of (3)-wave Terminal Impulsion is rather close by Fibo correlation 2,61 to (1)-wave duration. At the moment, (5)-wave duration is more than (3)-wave duration that logically confirms the structure of the chosen Terminal Impulsion version. But the question emerges concerning probable fifth wave duration. It is logical, according to the analogy of the ratio indicated above to suppose the correlation 2,61 between Terminal (4)-wave and (3)-wave. Nevertheless, it is rather close to summary (1)-(2)-(3) waves duration. But, this supposition is considered as heuristic and must be, at least, supported by other signs of estimated (5)-wave structure. As for estimated structure, if we suppose that (5)-wave is represented as Diametric whose version is considered at the moment, the calculated time for (5)-wave completion looks a little bit overextended. But, if we suppose elaborate correction formation with small (x)-wave, the calculating time looks to be preliminary to complete in the current version both Diamtetric and the second three ones after (x)-wave.

In the result of described temporary «controversies» it is easier to suppose that the current marking could be revised in the future but, at the moment, it is difficult to determine final structure of Terminal Impulsion (5)-wave. But it is necessary to remember that this conclusion is based on harmonious momentum loss of bullish waves of Terminal Impulsion, but, as is well known, rules and harmonies are not always possible in the moment of the completion of the waves of bigger degrees.

EUR/USD-W1:

Work chart: