EURUSD – Consolidation continues to develop

10.12.2021

Last trading day turned out to be quite active, especially given the sharp rise instead of the expected decline. This forces some adjustments to be made to the proposed wave pattern. Consolidation in the 4th impulse wave may take the shape of a descending horizontal triangle.

In this case, we will soon face a weak movement along the trajectory of the triangle, after which the quotes will try to form the final wave [5] of (c) of y.

Idea: Side.