FX.co ★ mdouglas | Wave Wisdom: Mastering the Art of Wave Marking in Forex!

Regarding EURUSD, on Friday I also did not expect a reversal to the downside in the third wave, but the pair turned around, possibly in the first wave of the third, but most likely not. There is likely to be another rise in wave (c) of wave (2) of wave (3), but such a rise may disrupt the timing of the smaller wave if it takes a bit longer. Otherwise, it will be necessary to review the labeling tomorrow evening, where the first red wave will be at a minimum and the retracement that occurred by the end of the week will only be wave (2) of wave (3), one entry less. If the pair updates the minimum on Monday, confirming the decline in the third wave, if before updating the minimum we do not update the maximum of Thursday, then I will continue to expect a decline in wave (3) of wave (3) of wave (3). If they manage to update the maximum before updating the minimum, then the labeling will be alternative and the pair will start declining towards the middle of wave (3) of wave (3).